G20 Success

11:41 am EST April 2nd, 2009 | News | 2 Comments

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Leaders of the world’s largest economies have reached an agreement to tackle the global financial crisis with measures worth $1 trillion (£681bn).

To help countries with troubled economies, the International Monetary Fund (IMF) will get extra resources worth up to $750bn.

There will also be sanctions against secretive tax havens and tougher global financial regulation.

And the G20 has committed about $250bn to boost global trade.

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2 Responses to “G20 Success”

  1. william says:
    April 2, 2009 at 1:40 pm

    In other words, the american taxpayer will bent over again.

  2. Repack Rider says:
    April 2, 2009 at 4:44 pm

    Does anyone remember how the G20 leaders all managed to avoid shaking hands with Mr. Bush at the same meeting a year ago? If you don’t, it’s still on YouTube. It is clear that these people did not want to be in the same room with him, the Eddie Haskell of global politics.

    These same leaders rush to embrace and be photographed with Obama. Dennis, Farris et al, would Mr. Obama’s WORLDWIDE popularity, contrasted with Mr. Bush’s global unpopularity, be something other leaders might want to bask in? How does Mr. Obama’s popularity and the former universal disdain for Mr. Bush spell good news for the GOP?

    If you know.