World Bank head Jim Yong Kim speaking from Shanghai
- coordinated G20 fiscal and mon pol difficult to do
- hard to get uniformity in absence of a major crisis
- welcomes ECB and BOJ action on neg rates
Well that's all confirmed then folks. We don't have a major crisis. Everyone can relax.
My one question in that case. What exactly does constitute a major crisis Mr Kim ?
Japan and China are both begging for something to happen this time around and you're pouring a big bucket of water over it all. Ok so it's rare we get anything of note nowadays but tell ya what, why don't you all save the taxpayer a load of money and have a Skype conference call instead for 2 days.