Comments on: World finance leaders agree not to devalue currencies http://www.sdnn.com/sandiego/2009-07-09/ap-stories/world-finance-leaders-agree-not-to-devalue-currencies San Diego News Network provides breaking news and resources online including: travel guides, sports, hotels, restaurants, classifieds, and a business directory. Sat, 21 Nov 2009 10:26:54 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: K Subramanian http://www.sdnn.com/sandiego/2009-07-09/ap-stories/world-finance-leaders-agree-not-to-devalue-currencies/comment-page-1#comment-7289 K Subramanian Fri, 10 Jul 2009 05:08:28 +0000 http://www.sdnn.com/?p=31641#comment-7289 Indeed dollar was not an issue in G8 if Gordon Brown were to be believed. His memory, as with Northern Rock bailout, can be selective.He inherits Tony Blair's legacy in small measure. China has been pressing for it for the last two years or more; Russia has joined its ranks; and India is a reluctant, recent inclusion. If the L'Aquila summit is to remembered at all, it would be or raiing this issue. Yes, they did not mention dollar by name. That is summit gobbledegook. The signal was clear. It is interesting that in all earlier meetings of G5, G7, etc when China was under attack, Yuan was not mentioned! History seems to repeat- this time it is for real. US beware! Indeed dollar was not an issue in G8 if Gordon Brown were to be believed. His memory, as with Northern Rock bailout, can be selective.He inherits Tony Blair’s legacy in small measure. China has been pressing for it for the last two years or more; Russia has joined its ranks; and India is a reluctant, recent inclusion.

If the L’Aquila summit is to remembered at all, it would be or raiing this issue. Yes, they did not mention dollar by name. That is summit gobbledegook. The signal was clear. It is interesting that in all earlier meetings of G5, G7, etc when China was under attack, Yuan was not mentioned! History seems to repeat- this time it is for real. US beware!

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