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".
