Roundup of world financial, banking and stock market news.

Monday, 21 September 2009

Europe, US, China must take IMF medicine


Persuading Europe, the United States and China to accept International Monetary Fund advice on economic polices may be difficult, European Central Bank President Jean-Claude Trichet said on Monday.

The United States wants a discussion of a broad framework to solve the world's economic imbalances at a summit of G20 leaders in Pittsburgh on Thursday and Friday.

The IMF would be charged with sketching out a plan and then checking whether each country was making progress.

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