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UK, others put onus on euro zone, US action
Leaders of seven Group of 20 member countries called for decisive action to help the world economy pull away from a deep and prolonged recession in a letter to G20 president France on Thursday. In the letter, they urged euro zone countries to act swiftly to resolve the euro zone's still expanding debt crisis and said the United States, along with other high deficit advanced economies, needs to overcome the remaining hurdles to putting its public finances on a sustainable path for the medium-term. "For many advanced economies the path out of the deep and prolonged recession will be difficult. This will impact on ... (full story)