Thursday, April 2, 2009

G20 leaders close to global deal









The Plan: 
- IMF to receive $500 billion in funding; 
- "name and shame" countries that breach free trade agreements; more bank regulations and measures on tax havens; fiscal stimulus to help with the current recession.

Of course, none of this has come without protest. In fact, French President Nicolas Sarkozy has threatened to walk out of the meeting if the G20 does not come up with concrete results. On Wednesday, Mr Sarkozy made it clear he was unhappy with the draft agreement.

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