The grouping of finance ministers and central bankers from the seven g industrialized economies, which will gather in the Mediterranean city of Marseille, will also discuss the health of Europe's banking system after dramatic market sell-offs in August betrayed mounting anxiety among
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G7 sources said the agenda for the day-long talks was "fluid" and that G7 chair France would seek to emphasize the group's
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"I'll discuss with my G7 counterparts and central bankers in Marseilles a
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One source said the United States, Canada, Japan,
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Yet ysts said that the Group of Seven's scope for concrete action was limited given the enormous debts weighing on developed
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"I fail to see what the G7 can do. Those countries which support fiscal stimulus measures don't have the room
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That leaves the ball squarely in the court of central banks and there are strong
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"We consider the IMF's estimates of the supposed recapitalization requirements of European banks to be inflated," he told
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Japanese, Chinese and South Korean financial regulators discussed global threats from faltering growth in the United States and
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Talks will also hone in on the sharp rise in the Swiss franc and yen, both safe haven
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The move prompted speculation that Japan might follow suit to cap the rising yen, which could
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Japan's new finance minister Jun Azumi made
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"Japan ... will probably bring up the strong yen as a topic at the G7 meeting
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The ministers may also discuss a highly divisive proposal by France and Germany to impose a European-wide tax
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(Additional reporting by Leigh Thomas and Marc Angrand in Paris, Jan Strupczewski in Brussels, Tetsushi Kajimoto in Tokyo and Fiona Shaikh in London, editing by Mike Peacock)