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G20 Major Economies
Latest G20 Major Economies Items
The G-20 nations are conditioning giving additional money for the International Monetary Fund on the European Union first increasing its financial stabilization funds to ease concerns about the eurozone debt crisis, officials said Sunday.
Australia's foreign minister arrives in Washington this week dogged by an Internet video that shows him cursing and pounding his desk in a rant that is fueling a political showdown with the prime minister.
Pressure mounted on Premier Silvio Berlusconi to resign so a new government could pass the economic reforms Italy needs to avoid financial disaster.
President Obama came, he saw, he insulted. "Obama insults Sarkozy," blared the headline on one French website, taking umbrage at Mr. Obama's wayward remark at the G-20 summit here about the physical appearance of French President Nicolas Sarkozy.
President Obama said Friday the world's 20 leading economies have "moved the ball forward" on Europe's debt crisis in spite of failing to agree on how to boost the International Monetary Fund's lending power for a potential rescue of nations in danger of default.
President Obama was greeted at the G-20 summit in this seaside resort Thursday with a plea by French President Nicolas Sarkozy to get more involved in resolving Europe's spiraling debt crisis.
Touting it as a way to curb financial speculation and funnel Wall Street profits to Main Street businesses, Democratic lawmakers on Capitol Hill introduced Wednesday a bill to tax trading activity by investment banks and financial firms.
Thousands of protesters some naked except for pointed Robin Hood caps converged Tuesday on the French Riviera, urging the Group of 20 leading economies to focus on spreading global largesse on people instead of saving banks and pleasing financial markets.
In a rare global summit where the U.S. leader is not the center of attention, President Obama leaves Wednesday evening for the Group of 20 summit in Cannes, France, with a diminished international presence and an economic-growth message being drowned out by the scramble to deal with Europe's unresolved debt crisis.