US : Devalue the dollar for Europe to rise -- Sept. 11, 2006
First, US interest rates need to be nudged up gently to take the steam out of the housing market without precipitating a loss of confidence (which is already happening). Secondly, agreement is needed between the world's finance ministers - along the lines of the 1985 Plaza Accord - to effect an orderly and effective devaluation of the dollar.

The key player is the eurozone, which accounts for a quarter of world GDP.
http://euobserver.com/9/22308/?rk=1