German Finance Minister Schaeuble urges G20 to tighten cooperation
Reuters
Published Nov 30, 2016 17:08
German Finance Minister Schaeuble urges G20 to tighten cooperation
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble called on the G20 leading economies on Wednesday to counter economic crises with closer cooperation.
Speaking at an event to mark the beginning of Germany's presidency of the G20, Schaeuble added that nationalism and protectionism were not the right response to globalisation and stressed the importance of open markets and global trade.
"We cannot reverse globalisation, nor do we want to do so," Schaeuble said.
"We have to expect that we will experience financial and economic crises in the future," he said, adding that an appropriately timed normalisation of monetary policy should go hand in hand with structural reforms to support economic growth.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.