It seems as though the imbalances of the worlds currencies, which is the heart of the currency war the world is facing, will be put off once again until the original planned meeting in November. World bankers did agree not to engage in competitive devaluation of their currency so as to stave off a global trade war.
There was, however, groundbreaking changes made during the meeting. Europe gave up two seats, and 6% of their votes on the IMF board to undisclosed emerging countries which include China, Brazil, India and others who have an influential part in the global economic outlook, but have not held a sufficient postition of influence on the IMF board.
What does Europes lost seats on the IMF board mean for the Euro? Time will tell.