Officials from the United States, Japan, Germany, Britain, France, Italy and Canada also discussed the impact of higher energy prices on global economic growth and inflation as well as achieving more transparency in energy market price signals.
"Properly functioning energy markets are considered very important," Goodale said. "There are concerns the forces of competition are not present in some parts of the world."
Ministers and central bankers turned their attention on Saturday morning to reforming the International Monetary Fund and agreed that China and South Korean were "clearly under- represented."
"In order to be relevant and of continuing importance the IMF needs reform," Goodale said.
http://www.boston.com/news/world/canada/articles/2005/12/03/eu_and_us_must_slash_subsidies___goodale?mode=PF
Note: http://www.boston.com/n...
EU And US Must Slash Subsidies
Posted on Sunday, December 04 at 16:01 by jensonjContributed By
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"US Treasury Secretary John Snow said the United States signalled that it is ready to do a deal as long as others are.<br />
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"We have to focus on a spirit of reciprocity," US Treasury Secretary John Snow said after meeting Brown on Friday.<br />
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Trade ministers from some of the main economic regions were meeting separately in Geneva.<br />
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France in particular is unhappy about concessions being made on the European Union's behalf in the run-up to Hong Kong and Breton is on a tight leash in London with President Jacques Chirac set on protecting his country's farmers."<br />
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Those EVIL FRENCH BASTARDS!<br />
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<a href="http://www.theage.com.au/news/Business/G7-seeks-free-trade-revival/2005/12/05/1133631167741.html">http://www.theage.com.au/news/Business/G7-seeks-free-trade-revival/2005/12/05/1133631167741.html</a><br />
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By the way, what business did Canada have sending a Canadian there?<br />
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<a href="http://www.cbc.ca/cp/business/051214/b121472.html">http://www.cbc.ca/cp/business/051214/b121472.html</a>
Sean