May 12, 2010 – New York –“Both the Euro and the Dollar are under siege due to the present devastating European economic crisis, and our project of a global currency is one of the best solutions to assure stability in the future” says Dr. Sandro Sassoli, the author and General Co-ordinator of the United Future World Currency (UFWC) Eurodollar project. Dr. Sassoli is in New York to discuss the possibility of the UFWC project taking an NGO (non government organization) status at the United Nations and seek advice from one of the world’s leading economists Joseph E. Stiglitz of Colombia University, a Nobel Laureate in Economics and former Senior Vice president and Chief Economist of the World Bank.
“I believe that a new single world currency would help stabilize the world’s economies “continues Dr. Sassoli “No single currency, including the Dollar, Yen, Euro, UK Pound, Swiss Franc or Rouble, will ever be strong enough to manage alone the economic ebbs and flows of the various major powers in the face of big speculators, bank manipulations and super lobbies.” Dr Sassoli originally founded the UFWC project in the mid 1990’s on the advice of Arthur Schlesinger Jr., former advisor to President John F. Kennedy.
The UFWC Eurodollar is receiving international publicity from world leaders including Russian President, Dimtrij Medvedev, and Italy’s Prime Minister, Silvio Berlusconi. At the G-8 Summit in Italy (July 2009) Russian President Medvedev illustrated his call for a supranational currency to replace both the US-Dollar and the EURO by pulling from his pocket a sample of the UFWC coin. US President Barack Obama has received a copy of the coin and an original prototype is on display at the Smithsonian Institution in Washington.
“One of my major referring points on the UFWC project is now Professor Stiglitz” says Dr. Sassoli “Last week and I presented him with a prototype coin similar to the one I presented at the G8. Prof. Stiglitz has studied the long time effects and solutions of a global economy, and I feel his views are similar on the possibilities of establishing a possible, virtual World currency”.
Luc Luycx, the designer of the Euro, created the first UFWC coin for the Royal Mint of Belgium. New editions, presented at this year World Money Fair in Berlin, are also being struck by other national mints including the Banco de Mexico, Israel, Italy, and South Africa many of whom are considering the possibility of a return to the “gold standard”, or better, using Platinum or Palladium in order to assure a real stability to a new world currency.