Rising yuan will not solve US economic woes

LONDON/PARIS - The G20 is aiming to root out the causes of the global financial crisis, rather than a series of discussions which single out the economic policies of any specific country, said French Finance Minister Christine Lagarde at the meeting of finance ministers.

France has already rolled out an ambitious agenda to address global economic imbalances, price fluctuations, the monetary regime, and issues relating to development.

During the two-day meeting, which started on Friday, the attendees will hammer out a common mechanism for measuring global economic imbalances. "Once we have these indicators, and that's being debated at the moment and will continue to be debated during the next couple of days, then we will move on to agree guidelines," Lagarde said in Paris prior to the meeting.