Manmohan Singh, India’s prime minister, has appealed for “a meeting of minds” at next month’s meeting of the Group of 20 leading economies to give renewed impetus to co-ordinated financial reform and the rebalancing of the global economy.
“I’m worried about the global situation,” Mr Singh told the Financial Times.
The Indian prime minister’s concerns about the fraying cohesion of the G20 were echoed on Tuesday night by Mervyn King, the governor of the Bank of England, who warned that tensions over exchange rates could degenerate into trade protectionism.
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