British Prime Minister David Cameron talks about the outcome of G-20 summit at a press conference at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAPepa British Prime Minister David Cameron talks about the outcome of G-20 summit at a press conference at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAP
French President Nicolas Sarkozy speaks to reporters at a press conference at the G20 Summit in Seoul, South Korea, 12 November 2010. The summit ended with a joint statement that papered over the leaders' main differences, according to media reports. Despite the host's talk of an 'historic agreement', the final communique was reportedly vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to 'move toward more market-determined exchange rate systems' to reflect 'underlying economic fundamentals'. However, reports state that any talk of 'undervalued' currencies was dropped because of Chinese opposition. EPA/YONHAP
British Prime Minister David Cameron speaks to media during a press conference at the G20 summit venue at Coex center in Seoul, South Korea, 12 November 2010. The summit ended with a joint statement that papered over the leaders' main differences, according to media reports. Despite the host's talk of an 'historic agreement', the final communique was reportedly vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to 'move toward more market-determined exchange rate systems' to reflect 'underlying economic fundamentals'. However, reports state that any talk of 'undervalued' currencies was dropped because of Chinese opposition. EPA/JEON HEON-KYUN
British Prime Minister David Cameron (C) among world leaders as they pose for a family photo before the start of the G20 Summit in Seoul, South Korea, 12 November 2010. World leaders at the G20 summit in Seoul will struggle today to concoct language on which they can all agree for a final communique which few expect to resolve the key issues of currency valuation and trade. EPA/Stefan Rousseau / POOL
South Korean President Lee Myung-bak, as the chair of the G-20 summit, briefs reporters on the event's outcome at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to
British Prime Minister David Cameron (C) among world leaders as they pose for a family photo before the start of the G20 Summit in Seoul, South Korea, 12 November 2010. World leaders at the G20 summit in Seoul will struggle today to concoct language on which they can all agree for a final communique which few expect to resolve the key issues of currency valuation and trade. EPA/Stefan Rousseau / POOL
South Korean President Lee Myung-bak, as the chair of the G-20 summit, briefs reporters on the event's outcome at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to
A general view of political leaders seen at the meeting hall during the G-20 summit, 12 November 2010 at COEX in Seoul, South Korea. Discussions on a joint statement by Group of 20 (G20) leaders were going down to the wire with negotiators at odds over the wording to be used to address currency disputes. But the latest drafts also suggested the leaders of the world‘s 20 largest economies would paper over many of their differences, delegating many of the most contentious details to future meetings of their finance ministers. EPA/YONHAPepa A general view of political leaders seen at the meeting hall during the G-20 summit, 12 November 2010 at COEX in Seoul, South Korea. Discussions on a joint statement by Group of 20 (G20) leaders were going down to the wire with negotiators at odds over the wording to be used to address currency disputes. But the latest drafts also suggested the leaders of the world‘s 20 largest economies would paper over many of their differences, delegating many of the most contentious details to future meetings of their finance ministers. EPA/YONHAP
South Korean President Lee Myung-bak, as the chair of the G-20 summit, briefs reporters on the event's outcome at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to
G-20 first ladies watch a fashion show of "hanbok," traditional Korean costume, at Changdeok Palace in Seoul , South Korea, 12 November 2010. Discussions on a joint statement by Group of 20 (G20) leaders were going down to the wire with negotiators at odds over the wording to be used to address currency disputes. But the latest drafts also suggested the leaders of the world‘s 20 largest economies would paper over many of their differences, delegating many of the most contentious details to future meetings of their finance ministers. EPA/YONHAPepa G-20 first ladies watch a fashion show of "hanbok," traditional Korean costume, at Changdeok Palace in Seoul , South Korea, 12 November 2010. Discussions on a joint statement by Group of 20 (G20) leaders were going down to the wire with negotiators at odds over the wording to be used to address currency disputes. But the latest drafts also suggested the leaders of the world‘s 20 largest economies would paper over many of their differences, delegating many of the most contentious details to future meetings of their finance ministers. EPA/YONHAP
U.S. President Barack Obama talks about the outcome of G-20 summit at a press conference at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAPepa U.S. President Barack Obama talks about the outcome of G-20 summit at a press conference at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAP
South Korean President Lee Myung-bak (C), U.S. President Barak Obama (3-L) and Canadian Prime Minister Stephen Harper (3-R) pose with SME Finance Challenge Award winners on the sidelines of the G-20 Seoul Summit at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAPepa South Korean President Lee Myung-bak (C), U.S. President Barak Obama (3-L) and Canadian Prime Minister Stephen Harper (3-R) pose with SME Finance Challenge Award winners on the sidelines of the G-20 Seoul Summit at COEX in Seoul, South Korea, 12 November 2010. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAP
Spanish Prime Minister Jose Luis Rodriguez Zapatero talks at a press conference at the G20 Summit in Seoul, South Korea, 12 November 2010. The summit ended with a joint statement that papered over the leaders' main differences, according to media reports. Despite the host's talk of an 'historic agreement', the final communique was reportedly vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to 'move toward more market-determined exchange rate systems' to reflect 'underlying economic fundamentals'. However, reports state that any talk of 'undervalued' currencies was dropped because of Chinese opposition. EPA/JEON HEON-KYUN
Australian Prime Minister Julia Gillard speaks to media after G20 summit during a press conference at the G20 summit in Seoul, South Korea, 12 November 2010. The summit ended with a joint statement that papered over the leaders' main differences, according to media reports. Despite the host's talk of an 'historic agreement', the final communique was reportedly vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to 'move toward more market-determined exchange rate systems' to reflect 'underlying economic fundamentals'. However, reports state that any talk of 'undervalued' currencies was dropped because of Chinese opposition. EPA/JEON HEON-KYUN
British Prime Minister David Cameron speaks to media during a press conference at the G20 summit venue at Coex center in Seoul, South Korea, 12 November 2010. The summit ended with a joint statement that papered over the leaders' main differences. Despite the host's talk of an 'historic agreement', the final communique was vague on specifics and delegated many details to
South Korean President Lee Myung-bak (3-R) and his French counterpart Nicolas Sarkozy (3-L) hold talks at the Grand Intercontinental Hotel in Seoul, South Korea, 12 November 2010 during the G20 summit. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAPepa South Korean President Lee Myung-bak (3-R) and his French counterpart Nicolas Sarkozy (3-L) hold talks at the Grand Intercontinental Hotel in Seoul, South Korea, 12 November 2010 during the G20 summit. The Group of 20 summit in Seoul ended 12 November with a joint statement that papered over the leaders‘ main differences. Despite the host‘s talk of a "historic agreement," the final communique was vague on specifics and delegated many details to future meetings. On the most contentious issue, exchange rates, leaders agreed to "move toward more market-determined exchange rate systems" to reflect "underlying economic fundamentals." But any talk of "undervalued" currencies was dropped because of Chinese opposition. EPA/YONHAP
