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Bush, Schroeder Put Bitter War Feud Behind Them [View All]

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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-04 02:01 PM
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Bush, Schroeder Put Bitter War Feud Behind Them
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http://www.reuters.com/newsArticle.jhtml?type=topNews&s...

<snip>
WASHINGTON (Reuters) - President Bush and German Chancellor Gerhard Schroeder put their bitter feud over the Iraq war behind them on Friday but Schroeder brought up a new problem: the dollar's weakness against the euro.

"We've had differences in the past. But there's nothing wrong with friends having differences and we are both committed to put the differences behind us and move forward," Bush told reporters as he and Schroeder sat side-by-side in the Oval Office.

Schroeder said he told Bush of German concerns about the weakness of the dollar versus the euro, which Germany feels is depressing German exports.

The official U.S. position on the dollar -- which Schroeder said Bush repeated to him -- is that the administration backs a strong U.S. currency. But a cheaper dollar has helped the United States cope with its current record trade imbalance because it makes U.S.-produced exports cheaper in foreign markets.
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