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.Cheap MLB Jerseys and also fell to 0. 9588 Canadian dollars from 0.9637.
A weakening economy might eventually push the Fed and the Bank of England into printing more money through "quantitative easing." But this would almost certainly not be part of any coordinated G20 move; China and other emerging economies sharply criticized U.S. quantitative easing last year as destabilizing for markets.
- Expansionary fiscal policy. During the 2008-2009 crisis christian louboutin patent leather pumps , the G20 did not resolve differences over fiscal policy; Germany resisted U.S. pressure to boost government spending more. But the London summit in 2009 still produced a pledge of "an unprecedented and concerted fiscal expansion" by G20 states, which cheered markets.
Such a pledge is extremely unlikely now, with the euro zone and the United States desperate to reassure investors that they can bring sovereign debt down to manageable levels.
Markets are hoping fiscally strong G20 members may spend more to help weak ones. Germany could change tack and support a major expansion of the euro zone's 440 billion euro bailout fund in order to provide a precautionary credit line to Italy. [ID:nLDE77017G] China might invest more of its $3.2 trillion foreign exchange reserves in euro zone sovereign debt.
Both these measures might be discussed by the G20 and could have a quick christian louboutin patent leather pumps , dramatic effect on markets. But they would face some political opposition within the contributing governments, and would not necessarily change the long-term outlook for economies.
(Writing by Andrew Torchia)
Regulatory News
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