The world's best treasurer Wayne Swan, the genius at the helm of four budgets of abject failure, the profligate who inherited zero debt turning it to more than $250 billion told his G20 audience, ...many advanced economies needed to release ''the handbrake'' on growth brought on by ''damaging fiscal austerity''. Wayne should ask the greeks about that strategy. GC.Ed.
GROUP of Twenty finance ministers concluded their two-day summit in Moscow Sunday with a pledge to avoid a global currency war, but Australian Treasurer Wayne Swan thinks they've missed the point.
In a forceful intervention near the end of the conference Mr Swan said much of the talk about "so-called currency wars" was "completely misguided". It "unhelpfully reduced the focus on the G20's critical agenda to boost growth and create jobs".Read more: http://www.theage.com.au/business/swan-critical-of-currency-order-20130217-2el7i.html#ixzz2LBpGw2pu