Last year, the Group of 20 managed to pull together. With the Seoul summit only three weeks away, its members are now determined to pull in opposite directions. US attacks on China’s undervaluation are becoming shriller. Beijing berates the US for flooding the world with liquidity. Most others, caught in the crossfire, blame both – and Brazil’s top representatives are not even attending this weekend’s meeting of finance ministers. Little wonder the Korean hosts had hoped to keep the topic of global rebalancing off the table.
Read Full Article »
