Comments from G7 officials
- US Treasury Sec Mnuchin: agreed to keep cybersecurity on the G7 agenda after Friday attacks
- Working closely with Congress on tax reform and will try to pass it as quickly as possible
- Told G7 that the US wants fair and balanced trade
- Preliminary talks with Mexico and Canada on NAFTA have been productive
- ECB's Visco (Italy): G7 discussed Friday's cyberattack but do not know who is responsible
- The economic expansion continues, it is strengthening but is still considered modest and faces various risks
- No one flagged possible tensions in Italy ahead of new elections in 2018; G7 did not discuss the problems of Italian banks
- Italy Fin Min Padoan: G7 did not discuss protectionism, but fragmentation does not help anyone
- German Fin Min Schaeuble: feeling more confident that euro zone members will come up with solution to dispute of reforms and debt by the next Euro Group meeting
ECB’s Weidmann (Germany): The strengthening economic development in the euro zone and the robust outlook make monetary policy normalization conceivable
- The election victory of Macron in France gives a chance that the euro zone economy gets an additional momentum