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Europe Daily Bulletin No. 10154

8 June 2010
GENERAL NEWS / (eu) eu/economy
G20 focuses on consolidating public finance - No breakthrough on global bank tax

Brussels, 07/06/2010 (Agence Europe) - The G20 believes that the need to support economic recovery is outweighed by the need to get public finance under control. In a joint statement published by the G20 finance ministers meeting in Busan, South Korea, last weekend, the exit strategy is not made as conditional on strong economic recovery as in statements issued by past G20 summits. The G20's final Busan press release does not mention the idea of a global tax on banks to finance future bank...

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