Europe Fights U.S. Stimulus Requests

Finance ministers and central bank governors of the G20, the group of 20 advanced and emerging countries, pledged today to pull the global economy out of recession, but many balked at U.S. requests for more government investment. The officials promised to give more money to the International Monetary Fund, which is the lender of last resort around the world. They also agreed to greater regulation of the financial system and the credit-rating agencies, which are often blamed for causing the...Full Story
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