G20 leaders closed ranks on Friday and agreed to a watered-down commitment to watch out for dangerous imbalances, yet offered investors little proof that the world was any safer from economic catastrophe. After an acrimonious start, the developed and emerging nations agreed at a summit in Seoul to set vague “indicative guidelines” for measuring imbalances between their multi-speed economies but, calling a timeout to let tempers cool, left the details to be discussed in the first half of next year. European leaders broke away for their own mini gathering in the middle of the summit to discuss a deepening credit crisis in Ireland, a stark reminder that the consequences of the worst financial crisis since the Great Depression still posed a serious threat to global stability.
G20 closes ranks but skims over toughest tasks
Most Popular Articles
Latest Articles
Reverse mortgages seen as a path forward for lenders
Leaders at Guild Mortgage and Guaranteed Rate explained some of their approaches to the reverse mortgage business during The Gathering.
-
Blend receives $150M infusion from Haveli Investments
-
Michigan attorney general reissues reverse mortgage consumer alert
-
eXp Realty makes changes to its executive team
-
Housing affordability dipped in March: First American
-
Title insurance executives are confident the Biden proposals won’t come to much