Prodi warns Europe over devaluation

European Commission's president, Romano Prodi, warned Tuesday that it would be a "tragedy" if Europe responded to the plummeting dollar with devaluation. He also renewed his criticism of the stability and growth pact saying it did nothing to promote growth.

Speaking at a euro conference, Mr Prodi rebuked the growing number of calls from Paris, Berlin, and Rome for aggressive action to counter America's "weak dollar" strategy.

"In the current situation, with the crises in Asia, Enron and Parmalat

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account