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G20 Backs Early-Warning Plan Against Future Financial Crises

WASHINGTON (Daniel Flynn and Wanfeng Zhou) – Leading world economies agreed on Friday to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis.The pact was agreed by t…

WASHINGTON (Daniel Flynn and Wanfeng Zhou) – Leading world economies agreed on Friday to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis.

The pact was agreed by the Group of 20 nations after months of wrangling highlighted by China’s fears that its policy of limiting its currency’s rise was being targeted.

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