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Old 06-02-2010, 02:18 PM   #1
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Default G7 finance ministers dine near Arctic Circle

A meeting of G7 finance ministers and central bankers has officially opened in Iqaluit, in Canada's far north.


G7 finance ministers dine near Arctic Circle
Sat, 06 Feb 2010 02:24:42 GMT

picEuropean Central Bank President Jean-Claude Trichet gestures as he attends a news conference during a G7 finance ministers and central bank governors meeting in Rome. File photo

A meeting of G7 finance ministers and central bankers has officially opened in Iqaluit, in Canada's far north.

On Friday, the trustees of the world's richest nations sat down for a dinner meeting at a hotel restaurant in Iqaluit just 300 kilometers (185 miles) from the Arctic Circle.

The Chinese yuan may be discussed among other topics when the G7 finance leaders meet this weekend in Iqaluit, Canada, Japan's finance minister had said on Tuesday.

"Stable Chinese economic growth is desirable not just for China but for Japan," Naoto Kan had told a news conference.

Hosting the informal talks, Canadian Finance Minister Jim Flaherty said on Friday that they would cover the shaky global economic recovery, soaring public debts, banking regulations, exchange rates and Haiti debt relief.

However, the head of the Bank of Canada, Mark Carney said on Thursday that market watchers should not look for financial reform announcements during this weekend's G7 meeting in Iqaluit.
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