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G20 prepares to steer clear of the rough at St Andrews
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Finance ministers and central bankers are set to maintain their pledge to support the global economy, but they will warn this week that the recovery is too fragile to be taken off life support.
However, at its meeting in St Andrews, the group of 20 leading economies is likely to push ahead with its initiative, announced in Pittsburgh in September, to realign the world’s financial landscape and return to growth by requiring each country to write its own policies. These plans will be audited by the International Monetary Fund and will be subject to peer review.
The hope is that the consensual approach will persuade the rich and developing members of the G20 to work together to avoid... Full Story |
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Submitted Nov 4, 2009 11:44pm
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