G-20 Seeks Credible Plans to Cut Stimulus, Curb Debt Burdens

The article talks about the meeting of G-20 finance chiefs and discussion of the "credible" plan of withdrawing economic stimulus once the recovery strengthens. Chiefs of G-20 Central banks were elaborating exit strategies from macroeconomic and financial support measures to avoid so called "cheap money" that can lead to high inflation and potential overheating. In addition, Japan's parliamentary secretary of finance, Hiroshi Ogushi, raised an issue of preventing sovereign risk from spreading to other nations. This issue was raised due to a recent economic problem Greece faces, and its threat to the European Union as a whole.