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03-15-2010, 12:13 PM #1
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Feldstein: Panic Should Be Over Dollar, Not Euro
Feldstein: Panic Should Be Over Dollar, Not Euro
Friday, 12 Mar 2010 11:47 AM
By: Dan Weil
The euro’s recent drop to a 10-month low against the dollar won’t last, says Harvard economist Martin Feldstein.
The former chairman of President Reagan’s Council of Economic Advisers says that the euro’s decline is an overreaction to Greece’s debt crisis.
And the dollar will ultimately suffer from the exploding U.S. budget and current account deficit, he says.
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