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.
G20 finance heads and civic leaders meeting in Australia say they have devised reforms to generate an extra 1.8 percent growth. Aims include improved infrastructure projects and added job creation.
Germany's Finance Minister Wolfgang Schäuble has denied there's a rift in the country's grand coalition government over its eurozone economic policies. But some remarks made by the Economy Minister tell a different tale.
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.
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