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G20 reaches deal on indicators to detect economic imbalances

Monday, February 21st 2011 - 07:03 UTC
Full article 16 comments

The G20 have reached a deal on indicators to detect economic imbalances, the French presidency said, after the meeting ended in Paris. The world's leading economies agreed on a compromise after “frank, sometimes tense” negotiations, French Finance Minister Christine Lagarde said. Read full article

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  • NicoDin

    Ah, powerful France resolving the problems of incompetents Anglos have created.

    Hove anyone noted none mentions UK?
    The world financial center that none takes into account. Que papelón lads.

    Decadence perhaps? Lack of leadership? Incompetence?

    Poor Britain, from world power to Zimbabwe style republic, well to be precise UK is still a Kingdom, Zimbabwe seems to be more advanced.

    Living in sorrow, horror and poor, with an Army losing wars everywhere.

    Is not humiliating enough?

    Feb 21st, 2011 - 09:24 am - Link - Report abuse 0
  • Y Draig Goch

    Comment removed by the editor.

    Feb 21st, 2011 - 10:27 am - Link - Report abuse 0
  • NicoDin

    @Y Draig Goch

    Now serious you don’t feel jealous of the French people?

    Their government always takes care of them while the UK’s Govt. only take care of fat cats bankers and foreigners.

    I never understood why people feel proud to be British masochism perhaps?

    Feb 21st, 2011 - 12:50 pm - Link - Report abuse 0
  • PomInOz

    Well, I tell you what, NicoDin, why don't you try googling “world's financial centres” and see which city is ranked number 1 in all 3 of the world's recognised financial indicators - top financial centre, most economically, influential and powerful city and top commercial centre. I'll give you a clue: the city starts with the letter “L”, ends in “N” and has the letters “O-N-D-O” in between!

    Feb 21st, 2011 - 01:10 pm - Link - Report abuse 0
  • Zethee

    Any excuse for him to sprout off some anti british insanity.

    Feb 21st, 2011 - 02:49 pm - Link - Report abuse 0
  • yul

    England + France are nothing in the fictitious G20 group !

    Feb 21st, 2011 - 03:03 pm - Link - Report abuse 0
  • NicoDin

    @PomInOz

    Yeah mate while you have to go to NZ to find a decent job.

    By the way what’s the name of your Bank in the city?

    : )

    @Zethee

    Since when the truth is equal to anti-British?

    : )

    Feb 21st, 2011 - 11:45 pm - Link - Report abuse 0
  • Fido Dido

    PominOz idiot,

    What you find in google isn't always correct / updated.

    London isn't the financial capital of the world. It's not even New York City that beats London. The Financial capital of the world today is Singapore.

    Feb 21st, 2011 - 11:53 pm - Link - Report abuse 0
  • PomInOz

    yul, you're right. Britain and France are nothing in the G20...they are however something in the G8!
    NicoDin, you are really NicoDim, aren't you?! “Oz” is Australia, not New Zealand, you plank!
    Fido Dido, you're right. Google isn't always correct. However, on this occasion, google is simly regurgitating the conclusions of 3 internationally recognised financial indicators. There is no opinion being expressed. It might be arguable what city is the world's financial centre when the 3 indicators come up with 2 or 3 different answers, but when all 3 name London?...I would have to suggest to you, therefore, Fido Dido, that you are the idiot, for ignoring the bleeding obvious!

    Feb 22nd, 2011 - 12:44 am - Link - Report abuse 0
  • NicoDin

    @PomInOz

    And OZ also is OZ Racing S.p.A, a TV series, and Hebrew called Amos Oz, who cares what is OZ?

    I say NZ as I could say DE, or FR or AU, US, etc.

    And the term Ozzy (if it is what you wanted to express in your nickname) is not in used any more the slang world for that is Aussie (A native or inhabitant of Australia.)

    So update yourself because someone can think you are living in Ozzy Osborne’s house.

    What can I say?

    About the financial centres:

    Singapore topped London and shortly will be taken by Shangahi and Frankfurt

    Stone age London http://3.bp.blogspot.com/_8UIT9t8gAsk/SxGEQtHFNSI/AAAAAAAAAbc/wF77x6hj_Ts/s1600/London+Cornelelia.jpg

    And modern Frankfurt and Shanghai
    http://3.bp.blogspot.com/_8UIT9t8gAsk/SxGEQtHFNSI/AAAAAAAAAbc/wF77x6hj_Ts/s1600/London+Cornelelia.jpg

    http://3.bp.blogspot.com/_8UIT9t8gAsk/SxGEQtHFNSI/AAAAAAAAAbc/wF77x6hj_Ts/s1600/London+Cornelelia.jpg

    Wow London seems a crappy 3erd world city who would want to invest there?

    Feb 22nd, 2011 - 03:26 am - Link - Report abuse 0
  • PomInOz

    NicoDimWit, the term “Oz” is used to refer to the country. “Aussie” is someone from Australia, although we Brits call them “Convicts”.
    And who says that Singapore has topped London as the internationally-recognised financial capital of the world? Because the internationally-recognised and respected institutions that determine these things disagree with you.
    And posting photos showing the centuries-old Palace of Westminster in London and some modern buildings in Frankfurt and in Shanghai isn't really academic or scientific research to determine these things, is it, numnuts?

    Feb 22nd, 2011 - 03:55 am - Link - Report abuse 0
  • lsolde

    settle down, Nicholas, you can't be right all the time.

    Feb 22nd, 2011 - 09:08 am - Link - Report abuse 0
  • NicoDin

    @PomInOz

    Let’s see Pom from Down Under resident of banana bender and beyond the black stump.

    The rank or index of financial centres is not rocket science as you believe “numnuts australopithecus”.

    Are made by carrying out surveys and pools with pre formed questions to “Investors”

    Like

    Where do you feel there is more economic business freedom? NY, Lon, Sing, HK, Karachi
    Where do you think to invest in the future? NY, Lon, Sing, HK, Karachi or Bolivia
    Where do you feel less taxation pressure? NY, Cuba, Venezuela, Lon, Sing, HK, Karachi or Bolivia

    Well you have got the idea on how manipulated can be that.

    In one of this survey made by The company Selzer & co and published on Bloomberg the result was:
    1 NY, 2 Singapore, 3 London, etc.

    What can I do? Is like these surveys about corruption or transparency international all based on perception and nothing substantial.

    So all is marketing and tools to move investors around where they want them to go. Worked for you in the past working for them now.

    Because who pays for these surveys are investors or magazines (that receive $$ for adds from funds) who already have positions in theses markets.

    So read more, think more and then try to make a sentence to answer.

    : )

    Feb 22nd, 2011 - 09:30 am - Link - Report abuse 0
  • PomInOz

    The reason that I pointed out that London is recognised as the centre of the world's financial hub is because of your comment that London is a world financial centre that no one takes into account. Well, that is clearly wrong, as the results of the top 3 internationally-recognised surveys clearly demonstrate.
    Of course surveys can be manipulated. But there are undoubtedly reasons why these surveys are the top 3 internationally-recognised ones. One of them is likely to be that they are not biased (or less biased than others) and are more likely than others to reflect the true position.

    Feb 22nd, 2011 - 01:12 pm - Link - Report abuse 0
  • NicoDin

    @PomInOz

    Give me the direction of the Bloomberg, FT and the economist and I will turn Burundi in to the new financial centre.

    : )

    Feb 23rd, 2011 - 02:53 am - Link - Report abuse 0
  • PomInOz

    What? You wouldn't also value the support of the IMF? I thought that you Argentine's loved and respected the IMF! Just kidding...well, sort of!

    Feb 23rd, 2011 - 05:19 am - Link - Report abuse 0

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