29. France: German, Russian Leaders Support Monetary Reform

France: German, Russian Leaders Support Monetary Reform October 19, 2010 German Chancellor Angela Merkel and Russian President Dmitri Medvedev said they support France’s plan to reform the global monetary system through the G-20, Dow Jones reported Oct. 19. France set three key priorities for its G-20 presidency, including international monetary system reform, addressing volatility and other problems in commodity markets, and improving global governance. Medvedev urged the G-20 to take “decisive steps” and said reserve currencies and the possibility of creating a global reserve currency would be discussed.