Pittsburgh or Versailles? Will Italy and Germany have to pay the full bill of the global imbalances?
by Carlo Bastasin | October 7th, 2009 | 11:34 amThe agreement to coordinate global economic strategies was one of the most impressive achievements by the G-20 in Pittsburgh and at the IMF meeting in Istanbul. But without credible agreements on currency policies, that project could turn out to be very vulnerable, or even a Trojan horse allowing politically stronger [...]