Go Finance Reporting in Paris - Member of the G-20 continues to press China to reach agreement in the economic indicators that will be used to evaluate and address the economic imbalances that occur today.
As reported by the AFP on Sunday (02/20/2011), French Economy Minister Christine Lagarde suggested that the discussion leader of this agreement marks the first step to fix this problem, thus the global economy could grow more balanced and lead to prosperity.
Lagarde added there has been a long debate about the discussion of this indicator because China is so sensitive on the issue of currency policy and trade balance. "It's not simple," said Lagarde.
A series of indicators are under consideration to measure the imbalances within and between countries, and which will form the basis for economic policy recommendations for states to avoid a repeat of problems at the heart of the financial crisis in 2008.
Within easy reach agreement on an internal indicator of the public deficit and public debt, plus personal savings rates and debt. (GoFinance)
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