Interest Rate Blues Emerging Nations Demand Western Support

At the G-20 finance ministers' meeting in Sydney, emerging economies will push for joint action to halt rising interest rates. But the industrialized nations want nothing to do with it and are instead arguing that each country should solve its own problems.
Federal Reserve Board Chairwoman Janet Yellen: Has the US badly handicapped emerging economies with its stricter monetary policies?

Federal Reserve Board Chairwoman Janet Yellen: Has the US badly handicapped emerging economies with its stricter monetary policies?

Foto: JIM BOURG/ REUTERS
Translated from the German by Charles Hawley and Daryl Lindsey