- G20 Must Seek Exits From Stagnation – Putin
- Russia to Promote Economic Stimulus at G20 Helm Says Putin
- S&P Raises Russia’s Short-Term Foreign Currency Rating
- Eurozone Not Improving Yet – Russian Economics Ministry
MOSCOW, February 16 (RIA Novosti) - Currency wars remain in the past, and there is no need to discuss this issue at the G20 level, Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), said on Friday.
Finance ministers and central bankers from the Group of 20 nations met in Moscow on Friday. Russia’s Finance Minister Anton Siluanov said ahead of the forum that competitive currency devaluation will be among the issues raised.
“There is no currency war. We are furthest away today from a currency war than we were two years ago or three years ago,” the OECD chief said in an interview he gave to CNBC on the sidelines of the meeting in Moscow.
“We don’t see why we should be talking so much about currency wars. This “currency war” is a phrase that was coined a few years ago, is no longer operational, we are using jargon from the past, we are fighting an old war. Today we should be concentrating on productivity, be concentrating on competitiveness and we are being distracted by this currency discussion,” Gurria said.
Add to blog
You may place this material on your blog by copying the link.
Islamic terrorism is gaining momentum, and is all about ideological opposition to European Christian values. This is an aggressive young radical ideology that attracts followers across the world. And it will only grow stronger on the world political stage.