Monday, January 10, 2011

Now I'm really worried

"When French President Nicolas Sarkozy arrives in Washington Monday, he’ll have plenty of ammunition to argue his case for greater global food price and currency stability.

In the past four weeks, several people have been killed in Algeria and Tunisia in violent riots over soaring food prices and unemployment.

During his meeting with US counterpart Barack Obama, Sarkozy will argue that an agreement on currencies and global imbalances will help prevent further swings in commodity prices to avoid a veritable world food crisis, like the one that hit in 2008, when riots broke out in dozens of countries across the world."

1 comment:

Maryanne Stroud Gabbani said...

Things are getting rather scary, Rami. But good luck on any governmental control of food prices. They will have to ask permission from people like Cargill International first. Those companies are truly the source of control and they are not altruists.