Sunday, May 20, 2007

China's shadow hangs over German G8 meeting

China's shadow hangs over German G8 meeting (Reuters)

The participants of a meeting of the G8 finance ministers pose for a family picture in the town of Werder west of Berlin May 19, 2007. The picture shows from LtoR: Russian Finance Minister Alexey Kudrin, EU Commissioner for Economy and Monetary Affairs Joaquin Almunia, Japan's Finance Minister Koji Omi, his German counterpart Peer Steinbrueck, British Chancellor of the Exchequer Gordon Brown, U.S. Deputy Secretary of the Treasury Robert M. Kimmitt, Italian Economy and Finance Minister Tommaso Padoa-Schioppa, French Director General of the Treasury and economic Policy Xavier Musca and Managing Director of the International Monetary Fund (IMF) Rodrigo de Rato. (Arnd Wiegmann/Reuters)Reuters - The G8 powers predicted yet another year of healthy economic growth on Saturday at talks which exposed the limits of their clout in a world where China and others not in the club increasingly dictate the pace.


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