Here's some G20 new for you
Finance leaders will reiterate that FX volatility is bad for economic growth
Leaders to agree (again) to consult closely on FX markets
Agree on a set of principles to foster economic resilience
Monetary policy will continue to support economic growth and price stability but cannot alone lead to economic growth (guess who wrote that one? ;-) )
Draft does not currently contain references to rejecting protectionism
I'm going to be blunt. The "G" brigade is the biggest load of bullcrap going. They have more drafts than a rotten roof (yes I know it's spelt differently) and no sooner have they agreed to all these wonderful principles, than they're all forgotten about when they sit down for their G20 evening munch-up.
Meanwhile, nearly every central bank in the world is currently engaged in some sort of currency manipulation either directly or via monetary policy.
The only good thing ever to come out of these "G" meetings was David Cameron's (and other's) rascal sweaters,
and 3 plums rowing Merkel around a lake.
