US official: Obama did not say strong dollar a problem
President Barack Obama
Elmau Castle - Arab Today
A US official on Monday disputed a French source's account that President Barack Obama had told his allies at a G7 summit that the strong dollar posed a "problem".
Amid mounting fears over the Greek debt turmoil's impact on the fragile global economy, a US official said: "The President did not state that the strong dollar was a problem.
"He made a point that he has made previously a number of times: that global demand is too weak and that G7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth."
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Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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All rights reserved to Arab Today Media Group 2025 ©
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