G-force
http://www.economist.com/finance/displayStory.cfm?story_id=3262467
Oct 7th 2004
From The Economist print edition
The G7 no longer governs the world economy. Does anyone?
IN SEPTEMBER 1985, the Plaza hotel in New York was the scene of a plot
to debauch the dollar. Finance ministers and central-bank governors
from the United States, Japan, Germany, France and Britain conspired
to narrow America's trade gap and thwart rising protectionism. They
promised to curb fiscal deficits in America, cut taxes in Germany and
sell dollars in the foreign-exchange markets. In the wake of the Plaza
accord, as their agreement was known, the dollar lost almost 30% of
its value. It was a triumph of macroeconomic diplomacy. The next year,
these five nations admitted Canada and Italy to the elite. The Group
of Seven, or G7, as the club was named, has met ever since.
G7 OR G8
http://news.google.com/news?q=%20G7%20OR%20G8&num=100&hl=en&lr=&sa=N&tab=gn
http://www.google.com/search?q=G7+OR+G8&num=100&hl=en&lr=&tab=nw&ie=UTF-8&sa=N
http://www.google.com/search?q=G7+OR+G8&num=100&hl=en&lr=&output=search&cat=gwd/Top
http://groups.google.com/groups?as_oq=G7%20G8&safe=images&as_scoring=d&lr=&num=100&hl=en
.
|
