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G-7 Ministers Pledge to Keep Stimulus Even Amid Budget Stress
Group of Seven finance ministers pledged to maintain the flow of stimulus into their economies even as investors focus on mounting budget deficits. “The position for most countries is to support the economies now and get the budget deficit down as the economy recovers,” U.K. Chancellor of the Exchequer Alistair Darling, 56, said in an interview in Iqaluit, Canada last night as finance ministers and central bankers began meeting. “You will see a determination from the G-7 countries to do just that.” Governments are trying to spur expansion by spending at a time when investors are increasingly shunning ... (full story)