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G7 Summit: Finance Ministers Prioritize Global Growth despite Differences Over Currency, Stimulus Policies
Finance leaders from the Group of Seven advanced economies vowed on Friday to tackle global growth woes, despite underlying differences on issues related to currency intervention and monetary policy. “Global growth remains moderate and below potential, while risks of weak growth persist,” the G7 ministers said in a 32-page declaration. “Global growth is our urgent priority.” The two-day meetings, which were held on Kashiko Island in Japan, brought to the table finance leaders from Canada, France, Germany, Italy, Japan, United Kingdom and the United States. Representatives from the European Union (EU) were ... (full story)