EURO VS. DOLLAR

Putin - Why Not Price Oil In Euros?:
"Thursday Russia could switch its trade in oil from dollars to euros, a move that could have far-reaching repercussions for the global balance of power -- potentially hurting the U.S. dollar and economy and providing a massive boost to the euro zone. 'We do not rule out that it is possible. That would be interesting for our European partners,' Putin said at a joint news conference with German Chancellor Gerhard Schroeder in the Urals town of Yekaterinburg, where the two leaders conducted two-day talks. 'But this does not depend solely on us. We do not want to hurt prices on the market,' he said. "