G-20 Finance ministers to discuss effects of monetary stimuli and currency values

Friday, February 15th 2013 - 05:29 UTC

Full article 6 comments

The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war. Japan's monetary stance has seen a big decline in the Yen, while the Euro has risen against a basket of currencies. Read full article

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Anglotino
I wouldn't get too comfortable in that seat Argentina, this may be your last G20 summit.
Feb 15th, 2013 - 06:44 am - Link - Report abuse 0
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Orbit
I fail to see what contribution they could make to this forum.
Feb 15th, 2013 - 09:02 am - Link - Report abuse 0
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redpoll
Were they there?
Feb 15th, 2013 - 02:27 pm - Link - Report abuse 0
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ElaineB
Argentina? Yes they were represented there.
Feb 15th, 2013 - 03:03 pm - Link - Report abuse 0
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Britworker
@4
Yes, they made the coffee and were caught stuffing sugar sachets in their empty brief cases.
Feb 15th, 2013 - 06:25 pm - Link - Report abuse 0
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Anglotino
The G20 is not, as many believe, the 20 largest economies in the world. It is a collection of the largest or most important or regionally representative economies to help guide the world economy.

So for instance though Australia has the smallest G20 population it has the highest GDP per capita and highest HDI. None of this is as important as its economic weight and regional significance.

This is why Argentina is a G20 member and Spain or Thailand or Iran are not.

Argentina is a large regional economy and a regional representative. But even these claims are wearing thin. Trade wise Argentina is the laggard of the group. It's GDP is difficult to measure nominally and almost impossible to measure at PPP.

However the G20 exists to regulate and stabilise the international economic architecture and this is probably where Argentina is fast becoming the odd man out. I saw a great graph once that showed how much it can lag.

http://www.economist.com/blogs/dailychart/2011/11/grading-g20

There are plenty of countries that would like a seat at this table (not least Spain who attend every summit though they are not a member).

The only other regional alternative is Colombia. Otherwise Latin America will lose a seat at the table to Africa or Asia. I hope this doesn't happen.
Feb 15th, 2013 - 10:03 pm - Link - Report abuse 0
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