Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

OIL PRICES

France Calls For Unified Eurogroup Action On Oil Prices While Making Unilateral Move

Frances Finance Minister Nicolas Sarkozy on 20 October sent a letter to his Dutch counterpart, Gerrit Zalm who is current chairman of EU finance ministers, outlining proposals for joint action among the euro zone nations (Eurogroup) to protect economic growth from high world oil prices. He suggested, among other things, organizing a collective...