The young untested euro has been weak against not only the dollar and the pound but, more recently, the yen too.

ECONOMIST: The euro-zone

Mr Summers strongly denied one potential self-interested motive for a weaker dollar: to help the American stockmarket by improving the prospects of leading multinationals such as Intel, McDonald's, and Gillette, whose dollar profits from Europe have suffered from the weak euro.

ECONOMIST: Gambling with the mighty greenback | The

Paulson acknowledged that the dollar is weak, having dropped to a historic low against the euro amid inflation fears, but he downplayed its long-term significance.

CNN: Paulson upbeat despite economy woes

The dumbest, most destructive economic policy of the Bush Administration has been its weak-dollar position--letting the dollar slide in value against the euro, the yen, the pound and gold.

FORBES: Magazine Article

The weak data sent the euro down to a six-week low against the dollar.

WSJ: Stocks Extend Declines

Rather than worry about a weak euro, Mr Summers might do well to contemplate the real possibility of a weak dollar.

ECONOMIST: Gambling with the mighty greenback | The