Leaders of the G8 (Group of 8) industrialized nations are likely to discuss the roles of central banks in their Monday and Tuesday meetings taking place in Northern Ireland.
“There will be three euro zone states and the United States, who have their traditions, and Britain, Japan, Canada and Russia. The introduction of looser monetary policy could form part of the discussions,” said a German official (according to Reuters).
The G8 consists of the United States, Russia, Canada, Japan, Britain, France, Italy, and Germany.
The Prime Minister of Great Britain has made his agenda clear, to focus on the “three T’s” of taxes, transparency, and trade.
According to RT, Cameron said this concerning his agenda for the day: “Making sure we have more trade deals so we keep prices down, making sure we have greater transparency so we can help developing countries get the tax and revenue that they need, and this issue of taxation, making sure we crack down on tax evasion and aggressive tax avoidance, so right across the world, countries get the tax revenue they need to keep taxes down for hard-working people,”.
Events like this, hosting the leaders of some of the wealthiest nations in the world, can have a significant impact on world markets. Whether the impact is seen right away in consequence of released commentary, or if the impact comes from a behind-doors agreement or policy that takes time to process in the world’s markets, the sky is the limit for the influence of events like this. That is why it’s important to stay up-to-date on world economic issues, as a trader.
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