Economics
Yellen-Led G-20 Walkout Shows Decline of World's Premier Economic Club
- G-20 was key in corporate tax deal, addressing credit crisis
- Future of the forum is now an ‘open question’ amid conflicts
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The world’s premier economic and financial club may be irrevocably broken.
The Group of 20, conceived in the 1990s to bring the biggest developed and emerging markets into a single forum to address key global challenges, failed this week to issue a joint communique following a meeting of its finance ministers and central bank chiefs in Washington.