G20 Paris Meeting- Summary.

The G20 meeting in Paris of the Financial ministers of countries who collectively account for over 85 % of global economic output, concluded yesterday. 

They have agreed a set of economic indicators that can be checked by others, a kind of outside audit and early warning system for countries getting in financial difficulties themselves.

Exactly how this can be measured is to be thrashed out by April but the summary documents issued went to great lengths to point out that these guidelines were not set in stone as yet. 

However, they failed to get Chinese agreement on some important Currency Reserve measures that were on the agenda, that may have led to an eventual revaluing of their currency, making Chinese exports less competitive.

No surprise there at all to Financial Markets.

Many economists see these meetings as being too bulky to achieve anything meangingful but feel the worth of them lies in the networking opportunities they afford, the results of which are never going to make the summary statements.