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Most viewed in Economics
France and the Netherlands strike backThe EU has made three mistakes in its approach to austerity and economic rebalancing. |
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Barroso pledges EU 'growth initiative'Commission president says there is growing support from EU leaders for pro-growth strategies. |
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No EU deal on banking rulesUK blocks compromise agreement on new bank capital requirements at meeting of EU finance ministers. |
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Other issues
The final communiqué of the G20 summit included commitments to:
• set up a task force to tackle youth unemployment
• move “more rapidly” towards greater exchange-rate flexibility
• have monetary policies which maintain price stability
• introduce comprehensive measures so that no financial firm can be deemed “too big to fail” and to protect taxpayers from bearing the costs of resolution
• develop the regulation and oversight of shadow banking
• improve regulation to restrict volatility in commodity markets
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Germany will find itself under pressure to accept the idea of jointly issued debt.
Organisation's twice-yearly report says jointly guaranteed bonds would help strengthen eurozone.
US, UK leaders say failure to deal with crisis will infect economies across the globe.
Commission president says there is growing support from EU leaders for pro-growth strategies.
