Jun 24, 2012

Taming the danger from Europe

The leaders of the Group of 20 major economies, at their June 18-19 summit in Los Gabos, Mexico, adopted a declaration emphasizing the need to resolve the European financial crisis, among other things. The declaration in part said that “Euro Area members of the ...

Jun 23, 2012

Negotiating with Russia

Prime Minister Yoshihiko Noda held his first meeting with Russian President Vladimir Putin on Monday in Los Cabos, Mexico, prior to the Group of 20 summit and they agreed to “reactivate” talks on the long-standing territorial dispute over the Etorofu, Kunashiri and Shikotan islands ...

May 3, 2012

Modest steps at the IMF

The biannual meetings of the world’s leading financial institutions, the International Monetary Fund and the World Bank, are generally pretty staid affairs — after all, how riled up can gatherings of central bankers and finance officials really get? In recent years, the answer is ...

Apr 5, 2012

BRICS and bombast

BRICS is back. The five-nation group that comprises Brazil, Russia, India, China and South Africa held its fourth summit last week, convening in New Delhi to present their collective views on global problems. While their opinions are increasingly relevant given their growing weight and ...

Mar 2, 2012

Containing the European crises

The Group of 20 finance ministers and central bankers who ended their latest meeting Sunday in Mexico City devoted a lot of time to discussing the European sovereign debt crises and stressed the importance of the eurozone nations’ forming a united front to solve ...

Feb 27, 2012

Could EU use a global growth plan?

by Gordon Brown

Talleyrand said of the Bourbon dynasty that ruled France both before and after that country’s revolution: “They have learned nothing and have forgotten nothing.” Today, with the same shortsightedness, Europe’s leaders stick unblinkingly to policies that the whole world can see have already failed. ...

Dec 22, 2010

Reviving the West is key

by Gordon Brown

LONDON — In 2008, at a time of financial peril, the world united to restructure the global banking system. In 2009, as trade collapsed and unemployment rose dramatically, the world came together for the first time in the Group of 20 to prevent a ...

Nov 25, 2010

Surviving the currency competition

by Shinji Fukukawa

The yen’s exchange value is considered likely to top the rate of ¥79.75 to the dollar registered in 1995 for an all-time high sooner or later. At a meeting that ended Oct. 23, Group of 20 finance ministers and central bank governors managed to ...