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India's Finance Minister Pranab Mukherjee and his counterparts from other G20 countries have agreed to maintain financial stimulus packages aimed at bailing out distressed economies but failed to agree to a financial package to help developing... Full Article at Hindustan Times
Related Articles
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G20 nations fell short of reaching agreement on climate finance a month before key UN talks, while pledging to maintain stimulus measures for a still uneven global economy. Full Article at Khaleej Times Green
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The U.S. dollar may come under renewed pressure from emerging market currencies and the euro after a meeting of the world's top finance officials failed to take concrete action on rebalancing global money flows. Full Article at International Business Times
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Although economic and financial conditions had improved, "the recovery is uneven and remains dependent on policy support, and high unemployment is a major concern," the finance chiefs from the world's economic powerhouses said in their communique after... Full Article at New Kerala
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The agreement was made at a meeting of finance ministers at St Andrews and was driven by concerns over unemployment and uneven growth in the short term. Full Article at The Telegraph
Related Quotes
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No, that’s not something that we’re prepared to support.
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We agree that we have to build a system in which taxpayers are not exposed to the risk of losses in future, where markets and investors don't live with the expectations that governments are going to save them from their mistakes
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There have been proposals for an insurance fee to reflect systemic risk or a resolution fund or contingent capital arrangements or a global transaction levy
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The Rudd Government and other western governments are simply captured by polluting industries and it's leading to pessimism around the world
