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.
German Finance Minister Wolfgang Schäuble is continuing in his position under Angela Merkel's new coalition government. In a career spanning over four decades, he has made many friends as well as enemies.
G20 finance chiefs have vowed to boost jobs and economies rather than austerity measures following a two-day meeting. Germany's finance minister praised the outcome, but warned leaders not to forget fiscal discipline.
Britain’s Finance Minister George Osborne has announced more cuts to the country’s welfare system. The conservative-led government aims to reduce its huge debt.
The German Finance Minister has said any possible new government coalition led by Chancellor Angela Merkel will stick to Berlin's policy of consolidating the euro. He warned a laxer approach was not advisable.
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