EU says China, U.S., Japan also have economic work to do

BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies. In a letter addressed to all 27 European Union nations, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said Europe was doing all it could. ...

BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies.

The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead ...

The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ...

China, the United States and other leading economies are expected to be listed by the G20 for dangerous economic imbalances on Friday, but whether they will be publicly "named and shamed" remains unsettled.The Group of 20 leading economic powers were moving to raise the pressure on 5-10 major global players for unhealthy and unsustainable fiscal and trade imbalances -- deficits in the US case and massive surpluses in China's, but also, for Japan, its enormous sovereign debt.

OTTAWA — Finance officials from the world’s leading economies will be less focused on “currency wars” at meetings this week despite recent attention on Japan’s aggressive monetary policy, according to a senior Canadian finance official on Tuesday.

Seven of the world's leading economies including China and the United States face deep scrutiny over fiscal and financial imbalances as the G20 group announced a new framework for assessing potential risks to the global economyA Group of 20 delegation member told AFP the seven "included the G5" -- the United States, France, Britain, Japan and Germany -- and "two big emerging countries," suggesting China and India.

Individual Global Investor submits:Trade figures out of the United States and Canada today confirm that the global recovery is slowly moving forward. Looking at the trade of physical goods is one of the best measures of economic momentum. In my look at these figures last month, the story was of robust German trade in November.