Geithner Proposal to Set “Sustainable” Trade Targets Rejected

Posted by Scott Boyd at 9:30 am UTC, 10/21/2010

A proposal by US Treasury Secretary Timothy Geithner to set “sustainable” targets for trade surpluses and deficits has been rejected by India, Russia, and Germany. Geithner’s proposal called for the setting of targets for trade surpluses and deficits as a way to rebalance the major economies.

Source: Reuters

Filed under: Forex Round Up, USD

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Geithner Proposal to Set “Sustainable” Trade Targets Rejected

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