IMF’s Strauss Kahn: Bit worried countries not working together enough on ending crisis
Human nature matey, all busy looking out for their own interests.
- Recovery is multi-speed
- For many countries it is too early to begin exit strategies
- Better balance of global demand needed
- China and Germany should boost domestic demand
- Appreciation of yuan would help in global rebalancing
- Massive build up of reserves is is burden for financial system
- Global risks uncoordinated policies, distorted capital flows
- Quick deal needed in EU on financial regulation

AUTOREFRESH 













According to this spanish paper IMF has also stated that the yuan is heavily undervalued:
http://www.eleconomista.es/flash/noticias/1989680/03/10/El-FMI-echa-mas-lena-al-fuego-el-yuan-esta-muy-infravalorado-.html
They also mention that Reuters reports a chinese gov. source saying they will keep the yuan stable and that a stronger yuan wont mitigate global imbalances:
http://www.eleconomista.es/economia/noticias/1989651/03/10/China-insiste-ante-la-creciente-presion-de-EEUU-no-apreciara-el-yuan.html
[...] IMF’s Strauss Kahn says a bit worried countries not working together enough on ending crisis [...]