20.2.11

G-20 Faults Imbalances as U.S. Seeks Yuan Leverage


(Bloomberg)  Group of 20 finance officials agreed to closer monitoring of global economic imbalances, in a step toward smoothing the trade and investment distortions that pitched the world into crisis.Yardsticks such as the current account and public and private debt will make up a scoreboard that, while not binding, may give the U.S. and Europe leverage to push for an appreciation of China’s currency.Read full story >>>