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G8 starts to mull ending stimulus-draft statement

Published 06/13/2009, 04:27 AM
Updated 06/13/2009, 04:40 AM

LECCE, Italy, June 13 (Reuters) - The world's rich nations have started to consider how they will unwind economic stimulus measures once a recovery is certain, according to a draft communique from a meeting of Group of Eight finance ministers.

"There are increased signs of stabilisation in our economies," said the draft, obtained by Reuters on Saturday.

The draft said the G8 had therefore discussed an "appropriate framework" under which stimulus policies would eventually be ended, and had asked the International Monetary Fund to analyse possible strategies.

But it added that the G8 remains fully committed to implementing previous international agreements on aid for the global economy, and will continue to provide stimulus if necessary in line with maintaining price stability and stable state budgets over the medium-term. (Reporting by Gavin Jones; Writing by Andrew Torchia; Editing by Patrick Graham) (gavin.jones@thomsonreuters.com; +39 348 151 0428)

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