Security is tight in the German town of Baden-Baden on the second day of a G20 finance ministers and central bank governors meeting. Rough cut (no reporter narration)
ROUGH CUT. NO REPORTER NARRATION. Security was tight in the German spa town of Baden-Baden on Saturday (March 18) for the second day of a G20 finance meeting. Finance ministers and central bank governors from the world's 20 largest economies descended on the town on Friday (March 17) together with representatives from the International Monetary Fund and European Central Bank to discuss world economic issues. The world's financial leaders are set to publish a joint communique on Saturday. A draft of the statement on Friday showed they will renounce competitive devaluations and warn against exchange rate volatility, but are likely to struggle to find common ground on trade and financing against climate change. The difficulty stems from a major shift in the views of the United States, where the new Trump administration is considering protectionist trade measures to curb imports and considers efforts to try to halt global warming a "waste of money".