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OECD welcomes CNY reform

By   || June 25, 2010 at 14:58 GMT
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  • OECD (Organization for Economic Coordination and Development)  chief Gurria welcomes the recent Chinese yuan reforms and says it has removed an element of rigidity in the global financial system.
  • No double dip in Europe or globally
  • EUR exchange rate reflects an economically more reasonable balance”
  • Germany and Britain have given powerful signals on fiscal consolidation
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