Finance minister wants bigger role for euro

Finance minister Jan Kees de Jager warned the G20 seminar in China on Thursday that national debt and budget deficits could be dangerous for the world economy if countries do not get their monetary policy in balance.

De Jager used the new stricter European budget regulations as an example, says Trouw. He said member countries can speak to each other if deficits or government debt gets out of hand and this needs to be done across the globe.
He agreed with French president Nicolas Sarkozy when he said there should be a greater role for the euro and the Chinese yen against the dollar when it comes to currency reserves.

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