Barroso's gentle attack on QE2 and monetary manipulation

A not so subtle slap at Bernanke in this summit. 
The real question is how far can we go in this summit to agree on joint action so we can boost global growth and jobs.  It is important for all parties to work towards a more market determined exchange rate system that reflect underlying economic fundamentals and refrain from competitive devaluation of currencies. 

No one should seek growth for its own sake at the expense of others.  This will lead to a race to the bottom.  We ask those of the G20 to avoid that this happens.


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