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Monday, 21 February 2011

image for G20 Agreement On Economic Imbalances

A major step forward was taken by the G20 in Paris today.

The group, which comprises the leading economies in the world, have agreed on a system to detect economic imbalances.

The breakthrough was announced by a delighted Brian O'Halloran who, as Irish Finance Minster, is tasked with breaking important news items to the media.

"It was a tense, nervous time for all, but there was a collective will to reach agreement in spite of many differences", O'Halloran continued, "but the effort and sacrifice was worth it.

The indicators are agreed as thus :

If Burma shows signs of an economic downturn, we shall keep a watching brief.

If Portugal or Spain slip towards a double dip, we shall bring forward our next scheduled meeting by 3 months.

If Germany or France look like heading into recession , we will bail them out immediately.

If China's growth slows down, we're fecked".

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