Some billed the G20 meeting in Seoul as Plaza II, where a "grand bargain" to reset currency rates would lead to a more balanced world just as the 1985 Plaza Accord tried to do. But that world has grown too complicated, US influence less and facing a China which knows no rules other than its own. So the G20 concluded with some bland statements papering over deep divides.
The Plaza Accord Worked…
Some billed the G20 meeting in Seoul as Plaza II, where a "grand bargain" to reset currency rates would lead to a more balanced world just as the 1985 Plaza Accord tried to do. But that world has grown too complicated, US influence less and facing a China which knows no rules other than its own. So the G20 concluded with some bland statements papering over deep divides.
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