Investing.com - Financial Markets Worldwide

G20 official-50-50 chance of deal on current account

Published 10/21/2010, 10:49 PM
Updated 10/21/2010, 10:52 PM

GYEONGJU, South Korea, Oct 22 (Reuters) - Talks aimed at reaching agreement on numerical targets for current account surpluses and deficits are still going on and there is an even chance they will succeed, a G20 official said on Friday.

"I understand those against the idea are saying the chances are low, but as far as I know discussions are being taken seriously and I can say chances are 50/50," a G20 official directly involved in the negotiations told Reuters.

Many policymakers have dismissed the U.S. proposals that would see countries agreeing to limit their current account surpluses or deficits to a set percentage of gross domestic product. (Reporting by Yoo Choonsik; Editing by Ed Lane and David Chance)

Latest comments

Install Our App
Risk Disclosure: 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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.