Finance ministers and central bankers from G-7 met in Canada
Finance ministers and central bankers from the Group of Seven economies met in the Canadian Arctic to discuss the euro zone's budget crisis, the recovery from global recession and reforms of international banking.
The G7 made no comment on foreign exchange, but ministers said the group stood by its statement of last October.
That communiqué politely welcomed China's decision to allow its currency to strengthen and said that should help narrow the imbalances in the world economy that, many say, sowed the seeds of the financial crisis of 2008.0
Canada said the G7 countries were writing off debts owed to them by disaster-struck Haiti and urged global lenders to do the same. Few delegates mentioned the Caribbean island where more than 200,000 people died in a January 12 earthquake.
23.04.10 | 16:53
