On March 14, 2008 the Euro surged again to a record high against the U.S. Dollar as the liquidity crisis in the financial market continues and the U.S. economy falters. During the meeting of the leaders of the European Union on March 14, 2008, much of the discussion centered on how to stabilize the foreign exchange markets. According to Romano Prodi, Italy’s Prime Minister, urgent actions are needed now because high oil prices combined with the level of the Euro, will affect economic growth in the Euro Zone.