The Boston Globe writes about an Irish woman travelling to the US for "an extended weekend of binge shopping" and claims: "With dollar low, US is one big outlet: Europeans arriving in droves for bargains"
Meanwhile, Bloomberg's John M. Berry tries reassue his readers in the Seattle Times article "Dollar down, euro up, so what?" He argues that the "U.S. dollar is still at the center of the world's financial system, and its importance isn't fading in the face of exaggerated claims to the contrary." (Via EU Digest)
Lawrence Summers, however, says "Wake up to the dangers of a deepening crisis." Bill Clinton's last secretary of the treasury writes in The Financial Times.
Morever, The Telegraph reports: "China has surged ahead of Germany for the first time to become the world's top exporter, prompting ever louder demands from the United States and Europe to revalue the yuan."
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