G-7 Finance Chiefs Are Once Again Sidelining Their Debt Load
- Stresa G-7 agenda suggests no appetite for fiscal discussion
- IMF warned in April that ‘now is the time’ to fix finances
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Group of Seven finance chiefs meeting in Italy are failing to address a key issue: their own debt.
Despite a trajectory of rising borrowings and the International Monetary Fund’s declaration last month that “now is the time” to restore sustainable budget policies, that subject doesn’t appear on the formal agenda for G-7 central bankers and finance ministers set to gather in the lakeside town of Stresa.