In World Economy News 15/05/2017
The United States has been told by all the other Group of Seven economies that it must not turn its back on international cooperation on global economic policy, French Finance Minister Michel Sapin said on Saturday.
G7 finance ministers and central bank governors attending a two-day meeting in Italy have said they want a better sense of the plans of U.S. President Donald Trump, who has threatened to upset the international consensus of recent decades on issues such as trade and rules for the financial services industry.
“All the six others … said explicitly, and sometimes very directly, to the representatives of the U.S. administration that it is absolutely necessary to continue with the same spirit of international cooperation,” Sapin told reporters at the end of the G7 meeting in southern Italy.
Source: Reuters (Reporting by William Schomberg, editing by Silvia Aloisi)
