G-7 Finance Ministers, Central Bankers ‘Stand Ready’ to Address Coronavirus

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Group of Seven says countries stand ready to use tools to combat economic risks from the coronavirus, but pledges no specific actions

WASHINGTON—Finance ministers and central bank governors from the Group of Seven countries on Tuesday said they stand ready to cooperate on actions, including fiscal stimulus measures, to guard against economic risks from the spreading coronavirus.

“Given the potential impacts of Covid-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks,” the group said Tuesday following a morning conference call.

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In this framework or diplomatic interpretations G7 is a Commercial state (geographical administrative body) within constitutional states that have religious state and traditional state (royal territorial law's) How stable and functional depends on contracts (written or unwritten)

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