21. The Philippine Exporters Confederation urged its members to sell their dollars to help stabilize the currency. 22. The second risk is that the plan Brazil agreed to Friday could stabilize its currency, but worsen its recession. 23. While Brazilian politics remain fractious, there is more consensus now than ever on opening the economy and maintaining the economic plan that has stabilized the currency. 24. Yet the cash infusion may help stabilize the currency and bring down interest rates. 25. Yesterday, Bank of Japan Gov. Yasuo Matsushita agreed with visiting Bank of Indonesia Gov. Soedradjad Djiwandono that the two nations will cooperate to stabilize Asian currencies. 26. But critics say high interest rates aimed at stabilizing the currency are killing businesses and delaying recovery. 27. But critics say high-interest rates aimed at stabilizing the currency are killing businesses and delaying recovery. 28. Despite the call for increased international cooperation to stabilize currencies, it was unclear what concrete proposals they were suggesting. 29. EU officials Thursday praised Ukraine for reducing inflation and stabilizing its currency, but they said the former-Soviet republic must speed up further economic reforms. 30. Finance Minister Theo Waigel said the improved economic forecasts were the result of German pressure on European nations to stabilize their currencies. |