Fears have been growing that major economies could get into a bidding war, depressing currencies to boost exports. But the G20 meeting has promised to avoid that.
Greece needs “unconditional debt relief” from its European creditors at least until 2040 to help its finances to recover, the International Monetary Fund (IMF) has said in a new analysis of Greece's debt burden.
Germany has joined Great Britain in backing Christine Lagarde for a second term at the head of the International Monetary Fund. Lagarde herself, however, is not ready to commit to seeking the job again.
The Greek parliament is debating a set of tough economic reforms for a final day before voting. The talks have been accompanied by demonstrations and strikes in protest of the planned tax and pensions overhaul.
Finance ministers from seven major industrial powers have warned that a British exit from the EU would increase instability and damage economic growth. The vote is just over a month away.
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