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G-20 Blame Game Starts as Lew Urges Emerging Market Action

The U.S. and fellow industrial countries turned the tables on emerging nations by demanding they do more to support economic growth after some blamed the Federal Reserve for roiling financial markets.

On the eve of talks among Group of 20 finance chiefs in Sydney, U.S. Treasury Secretary Jacob J. Lew and U.K. Chancellor of the Exchequer George Osborne put the onus on developing economies for shoring up investor sentiment after their currencies suffered the worst annual start since 2010 and the MSCI Emerging Markets Index fell 5 percent.