‘There will not be time for meetings of finance ministers to discuss the outlook and debate the politics.... ‘In panicked markets, investors flee to safe assets, sparking other flames.’
They are already doing that. The 10Y UST hit 1.47% yesterday and currently 10Y Swiss notes are -0.30%. That’s right. You PAY the Swiss government to keep your money for two years.
Well!!
They do promise to give it back to you. (And, there's a good chance that they'll actually do it.)