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Tag: germany
G7 intervenes to defuse currency tensions
In a move widely seen as an attempt to defuse tensions over recent rapid moves in the currency market, the Group of Seven countries – comprising the US, the UK, France, Germany, Italy, Canada, and Japan – said they would “consult closely” on any action in foreign exchange markets. ...* * *
With the ringing in of the new year, Britain has assumed its presidency of the G8, a collection of the richest nations in the world. ...
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