G-7 Reflections

Christine Lagarde,the French minister of Economy,Industry and Employment,has been reflecting on the G-7 meeting held over the weekend in Washington.They all came together and prepared some concrete measures,Ms.Lagarde recalled.They were concerned over the weak U.S. dollar and commodities prices,sharing the same view about the excessive volatility between the currencies.There is hope in the U.S. stimulus package and the support for financial system reforms,as well as for clarification.Bankers realize that between greed and guilt,we need to find equilibrium through regulations.For the first time since 2000,the G-7 countries,which include Canada,France,the U.S.,Italy,France,Japan,Germany and the U.K.,expressed common concern,Ms.Lagarde said.