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To: Haim R. Branisteanu who wrote (58892)	9/12/2000 6:57:33 AM
From: Haim R. Branisteanu	Respond to of 99985

EU's Prodi, Solbes Say Central Bank Intervention Could Aid Euro By James G. Neuger Brussels, Sept. 12 (Bloomberg) -- European Commission officials made a plea for the world's leading central banks to band together to support the euro, saying the U.S. would benefit from a weakening of the dollar. Coordinated euro purchases by the European, U.S. and Japanese central banks ``would be in America's interest,'' Romano Prodi, the commission's president, told Germany's Stern magazine. He acknowledged, however, that such joint efforts are ``always difficult, especially just before U.S. elections.'' Separately, Monetary Commissioner Pedro Solbes said the European Central Bank cannot rely on interest-rate increases alone to attract investment to Europe. ``Intervention could be decisive here but it can't be the sole factor,'' he told a European Parliament committee. The commissioners' comments came as the euro fell to a record low for the second straight day, dropping to 85.56 U.S. cents. These officials have no direct influence over the 11-nation ECB, whose president Wim Duisenberg addresses the parliament at 3 p.m. Brussels time. quote.bloomberg.com