|
|
Add to My Group
| Permalink View Article Stats Signs of Trouble as G-20 Ministers Prepare to Meet Quicklink submitted by Margaret Bassett (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
|
| France, which took over the rotating chairmanship of the G-20 in January, is leading a drive to forge guidelines that would send up a warning flag and prompt diplomatic dialogue when imbalances started to get out of hand. Officials meeting in Paris on Friday and Saturday will debate which aspects of a country's economic performance should be used to help their peers identify potential problems, like current-account balances or trade balances, Christine Lagarde, the French finance minister, said at a briefing Monday. 'China saves and exports,' Ms. Lagarde said. 'Europe consumes. The U.S. borrows and consumes.' She asked, 'Is this a balanced model? Probably not.' |
Read the rest of the story HERE:
Comments
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.
| No comments |