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G-7 Finance Leaders Set to Grapple With Bank Risks, Debt Impasse

From bnnbloomberg.ca

Finance ministers and central bank governors from the world’s wealthiest nations gather in Japan this week with a growing list of urgent issues to discuss, from the risk of more bank failures and the need for debt restructuring to the threat of a US default. While recent Group of 20 finance minister meetings have struggled for consensus due to divisions over Russia’s invasion of Ukraine, the Group of Seven, comprising the US, UK, Germany, France, Italy, Japan and Canada, has proved to be a more coordinated coalition. At the G-7’s last get-together in Washington in April, the group reaffirmed its “unwavering support ... (full story)

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  • Category: Fundamental Analysis