» 10/09/2007, 00.00
CHINA – EUROPEAN UNION
Europe complains about low yuan
Euro-zone finance ministers criticise Beijing for keeping its currency artificially low to increase its trade advantages. The issue will be discussed October 19 when G7 finance ministers meet. The European Union is divided.
22/04/2010 CHINA – UNITED STATES – JAPAN
IMF joins the world to ask Beijing to revalue its currency
In its World Economic Outlook, the International Monetary Fund says only a new Chinese monetary policy can guarantee a global economic recovery. It also warns Japan to invest more. The United States prepares to hit China’s aluminium export to send Beijing a strong signal.
20/11/2007 CHINA – EUROPEAN UNION
Strong Euro lowers trade with Beijing
The European Union has registered a deficit of 135 billion dollars in 12 months (+46%). Experts: cause lies in the changes tastes of the Chinese markets (more consumer goods less machinery) but also by the appreciation of the Euro compared to the Yuan and dollar. Now Europe is urging the re-evaluation of the Yuan.
06/12/2007 CHINA – US – EU
United States and European Union pushing Beijing to revalue the yuan
On the eve of his visit to China US Treasury secretary urges Beijing to revalue the yuan. The European Union accuses Beijing of favouring domestic manufacturers with subsidies to steel production, making their products more competitive than those of Europe. Beijing announces a new monetary policy to contain inflation.
Economic crisis: US, China and the coming monetary storm
The massive levels reached by the foreign debt of the United States and the excessive and unjustified devaluation of China’s yuan are two high risk factors for the world economy and stability. Solutions found so far may be useful for financial institutions but not for the population. A “transnational” oligarchy is emerging that includes central banks, the Chinese Communist Party, Russia’s oligarchies and oil sheiks.
18/10/2017 18:25:00 IRAN – EUROPEAN UNION – UNITED STATES
EU disowns Trump over Iran nuclear deal, a “key pillar” for international non-proliferation
At a time of acute nuclear threat, European leaders intend to preserve the agreement signed with Iran despite Trump’s threat to terminate it. For UN atomic agency, the deal is fundamental for the security of the US, its allies and the region. The IMF rejects the US president’s demand to cut loans to Tehran.
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