G20 Agreed Economy Boosting Package in London

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Global problems require global solutions

At their summit in London, G20 leaders have agreed on a plan to save the world’s finances.

They will pump an additional one trillion dollars into the troubled global economy through extra funding for groups like the International Monetary Fund.

Summit host Britain’s Gordon Brown revealed action to “clean up” the banks – with new rules on pay and bonuses. He also announced a crackdown on international tax cheats: “We have agreed that there will be an end to tax havens that do not transfer information on request... The banking secrecy of the past must come to end.”

Brown talked about a new world order and managing the process of globalisation... Euronews with embedded video (1 min.)

Supplementary: Reform der internationalen Finanzmärkte
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