Tuesday April 7, 2020

G20 conference unlikely to bridge the Atlantic gap

While the US backs a market-driven approach, European nations are more sympathetic towards state intervention and regulation, writes Niall Stanage in New York

28th March, 2009

When leaders of the world’s beleaguered economic power houses, including the US, Britain, Japan and the EU, begin meeting in London on Wednesday evening, grand words of agreement and cooperation can be expected.

The reality, however, is that this week’s G20 conference is unlikely to resolve a major difference in emphasis across the Atlantic. In Europe, the response to the global economic crisis has tended to centre on the need for greater regulation...

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