Euro's rise raises 'catastrophic' fears (1)

1 Name: Unverified Source 04/12/26(Sun)15:28 ID:Heaven [Del]

NEW YORK The euro rose on Thursday, topping $1.35 for the first time ever, amid speculation that the United States would not act to counter the dollar's decline.

"If we remain in a situation without any coordination, we can imagine a catastrophic situation" for the global economy, Finance Minister Hérve Gaymard of France told manufacturers during a factory visit Thursday in Strasbourg.

"Our U.S. friends must understand" that the G-7 should discuss coordinated efforts to address the dollar's slide, he said.

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