October 24, 2008

ASEAN + 3 Beats G20

Meeting in Beijing the 7th Asia-Europe summit pledges to coordinate response to the global financial crisis. In November the prime ministers of China, S.Korea, and Japan, will join ASEAN representatives in Manila ahead of USA President George Bush's G20 summit.

Will the ASEAN plus 3 lay the groundwork for an eventual pan Asian currency? And will it be in the Dollar or Euro zone or a new zone around Renminbi + Yen?

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