Monday, November 29, 1999

Obama: Strong U.S. economy will lead to strong dollar

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U.S. President Barack Obama said if the United States had a strong economy it would have a strong dollar, in rare comments about the U.S. currency in an interview with Russian television broadcast on Saturday."My basic principle is to focus on the fundamentals of the economy. I think that if we have a strong U.S. economy we're going to have a strong dollar," Obama said in an interview recorded on May 6 with Russian television's Channel Rossiya, according to an English transcript provided by the White House.Obama also said he was "very concerned" about Greece's debt turmoil and stressed that stabilizing the country was vital for both Europe's and the United States' economic wellbeing.(Reporting by Ross Colvin, editing by Vicki Allen)
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