G20 ready to do 'what is necessary'

Link to the article: Channel 4

Last Modified: 14 Mar 2009
By: John Sparks

The world's leading finance ministers agree to drag the global economy out of recession, but real differences remain between Europe and the US.

"The 20 largest economies in the world stand ready to do whatever is necessary for as long as is necessary," agreed the worlds leading finance ministers and central bank governors who met in Sussex today.

But the pledges of agreement to drag the world economy out of recession mask real differences between America and Europe over whether governments need to spend even more than already committed on stimulating their economies.