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G-7 members compare notes but no consensus
13.05.2013 08:02 "Agro Perspectiva" (Kyiv) —
The Finance ministers and central bankers of the G-7 confirmed their intention to abandon the devaluation of national currencies in order to achieve rapid economic growth, Voice of Russia reports referring to RIA.
The G7 Financial Summit was held on May 10th and 11th, in the London suburb of Aylesbury, and was attended by members from the U.S., the UK, Canada, Germany, Japan, Italy and France.
The parties could not reach a consensus, but said that they «compared notes» and coordinated their positions on economic issues and those regarding the financial sector.
«Participants have officially recognized that each member of the G-7, must ensure that economic growth is strictly carried out on the basis of balance,» said the representative of the Ministry of Finance of Great Britain, George Osborne at a press conference after the summit.
According to him representatives of Japan assured the summit that the new economic strategy of their country is not based on the devaluation of the yen.
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