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Loan Modification

: Mortgage Lender Implode-o-Meter

China resisting G20 deal on indicators

By Implode-Explode Heavy Industries

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``China continued to reject attempts to use real effective exchange rates and currency reserves to measure imbalances and wanted trade figures rather than current account balances used to assess economic distortions. "China and Brazil are objecting, including on real exchange rates. Some countries do not want the words exchange rate included in the set of indicators. This is why the talks are blocked," Italian Economy Minister Giulio Tremonti said.''

Full post as published by Mortgage Lender Implode-o-Meter on February 19, 2011 (boomark / email).

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