US official: Obama did not say strong dollar a problem

GMT 09:11 2015 Monday ,08 June

Arab Today, arab today US official: Obama did not say strong dollar a problem

President Barack Obama
Elmau Castle - Arab Today

A US official on Monday disputed a French source's account that President Barack Obama had told his allies at a G7 summit that the strong dollar posed a "problem".

Amid mounting fears over the Greek debt turmoil's impact on the fragile global economy, a US official said: "The President did not state that the strong dollar was a problem.

"He made a point that he has made previously a number of times: that global demand is too weak and that G7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth."

 

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab