Saturday, November 7, 2009

G-20 finance officials: Too early to end stimulus

warns G20 against stimulus ... The G-20 is comprised of Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the rotating EU presidency.

The grouping—representing around 90 percent of the world's wealth, 80 percent of world trade and two-thirds of the world's population—said in a statement after talks in St. Andrews, Scotland,

that economic recovery is "uneven and remains dependent on policy support."

Finance officials from rich and developing countries have pledged to maintain emergency support for their economies until recovery is assured, but failed to reach a clear agreement to bear the cost of fighting climate change.

Click on the following for more details:  G-20 finance officials: Too early to end stimulus - San Jose Mercury News

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