G20 vows to mend budgets, shies away from bank tax

Yahoo by Simon Martin Simon Martin Sat Jun 5, 4:51 am ET

BUSAN, South Korea (AFP) – Market convulsions sparked by Europe’s debt crisis show that major challenges remain to global economic recovery, G20 nations said on Saturday as they vowed to fix their fiscal houses.

After a two-day meeting, finance ministers and central bankers from the world’s leading nations said the recent events “highlight the importance of sustainable public finances” and the need for fiscal sustainability.

The ministers, preparing for a summit in Canada this month set to be attended by leaders including the US and Chinese presidents, said the world economy was recovering faster than expected from the 2008-9 financial crisis.

For more go here.

Related:

Investigative Journalist Daniel Estulin Talks To James Corbett About G20 Nov. 2009. (10 mins YouTube).

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