MONEY: Bucking Up The Dollar

Bucking Up The Dollar

If the dollar keeps diving, it could pull several of the world's major economies down with it. That realization was behind the urgent meeting in Paris over the weekend of finance ministers and central bankers from the Group of Seven -- the U.S., West Germany, Japan, Britain, France, Italy and Canada -- to discuss ways of moderating currency swings. For the U.S., another goal of the session was to persuade Japan and West Germany to stimulate their economies. That would boost their imports of American products and help ease the U.S. trade deficit, which reached a record $170 billion last year....

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!