Friday, June 4, 2010

Recovery fragile, strict bank norms must: G20



BUSAN: Taking note of the fragile economic recovery, the G-20 finance ministers are likely to call for a close monitoring of global economy and coordinated economic policies to revert to a strong, sustainable and balanced growth. The group may also support “sufficient rigour” in banking capital rules to prevent the global financial system from any future downturns, but a consensus on ‘bank tax’ looks unlikely. “The recent events had highlighted the importance of sustainable public finances and the need for countries with...

Source: http://rss.wn.com

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