Wolfgang Schaeuble News
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Updated 14 minutes ago
Group of Seven finance chiefs indicated they will tolerate a sliding yen for now as they intensified their focus on Japan’s recovery strategy.
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European policy makers expressed a willingness to consider new ways to revive their ailing economy as they confronted fresh U.S. pressure to take action.
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Group of Seven finance chiefs signaled tolerance of the yen’s slide to its weakest since 2008, so long as it doesn’t get out of hand.
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France’s Finance Minister Pierre Moscovici said that his country is suffering “adjustment fatigue” as he reiterated his government’s push for policies to spur growth and fight unemployment.
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Group of Seven finance chiefs signaled acceptance of the yen’s slide to its weakest in four years, so long as it doesn’t get out of hand.
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Group of Seven nations agreed on the need to toughen international rules to prevent rich individuals and corporations avoiding taxes, with greater efforts to prevent tax evasion that deprives governments of billions of dollars.
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Global finance chiefs clashed over the correct speed of budget cutting as they sought fresh ways to rally the slowing world economy.
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U.S. Treasury Secretary Jacob J. Lew said European policy makers are still falling short in efforts to revive their economy, intensifying pressure on them to further ease their budget-cutting.
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U.S. officials pushing for an easing of austerity to aid economic growth are fostering ambiguity just when the Group of Seven should be recommitting to debt reduction plans, Canadian Finance Minister Jim Flaherty said.
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Germans need to re-think whether Bundesbank President Jens Weidmann’s move to lodge a legal challenge against the European Central Bank’s bond-buying program was such a good idea. They don’t have a lot of time.
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