Topic: Group Of Twenty

IMF warns rich states may fall back into recession

WASHINGTON (Reuters) - The International Monetary Fund on Friday warned that advanced economies could fall back into recession unless policy-makers move with greater urgency to agree on policies to boost growth.In a note prepared for the G20 summit in Cannes, France, last ...
China has had to delay the loan of two pandas to France because the Greek debt crisis dominated the G20 summit when they hoped to finalise details, French Ecology Minister Nathalie Kosciusko-Morizet said Monday."Things were very far advanced. Unfortunately because of the ...

Euro zone's political bumbling risks global gloom

L'ISLE-SUR-LA-SORGUE, France (Reuters) - The euro zone's repeated failure to tackle its debt crisis is catapulting the bloc toward recession, raising the specter of dangerous spillovers to the rest of the world economy.Whittling down the euro area's mountain of debt was always ...

Comments by policymakers at Cannes G20

CANNES, France (Reuters) - Following are comments on Friday by policymakers attending the Group of 20 Summit in Cannes, France, and other euro zone officials, as Europe considered the possibility of Greece leaving the euro.BRITISH FINANCE MINISTER GEORGE OSBORNE"I don't think anyone ...

Portugal wants U.S. help in euro crisis: source

ASUNCION (Reuters) - Portugal asked Mexico on Saturday to tell fellow G20 members next week that the United States should offer "financial help" to resolve the euro zone sovereign debt crisis, describing it as a "systemic and global" problem, a Portuguese government ...

G20 summit to focus on euro zone debt crisis: EU

BRUSSELS (Reuters) - The euro zone debt crisis is likely to be the focus of the summit of the leaders of the world's 20 biggest developing and developed economies (G20) in early November, because of concern about the dangerous spillovers it may ...

Geithner wants 'decisive signal' on eurozone debt

US Treasury Secretary Timothy Geithner has called on Europe's leaders to send a "decisive signal" that they can handle the debt crisis, as pressure builds for action to prevent further eurozone damage.With the US and eurozone debt and deficit crisis overhanging the ...

Europe finance chiefs defend crisis action

Europe's finance chiefs defended their approach in addressing the debt crisis as pressure built from markets and other regions to take action to prevent it from snowballing.With the US and eurozone debt and deficit crisis overhanging the IMF-World Bank annual meeting in ...

G20 assurances fail to convince markets

Assurances by the world's leading powers that they are moving to stabilize the global economy failed to convince Friday, as markets sank again in impatience for more convincing action.A surprise late-night communique from Group of 20 finance ministers and central bankers Thursday ...

G20 will not issue communique on crisis: sources

(Reuters) - The Group of 20 leading economies will not issue a communique on the current financial crisis and the global economy after their meetings in Washington next week, Western G20 sources said on Friday.G20 finance ministers and central bankers will discuss ...
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