InfoAnda - Europe in firing line as G20 leaders meet

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Bomber kills 24 in Pakistan; U.S. military mission trimmed | | 26 May 2011
15-year-old charged with murder of Mo. girl | 25 October 2009
Sting and orchestra bring magic to Montreux jazz fest | | 12 July 2011

Quake relief iGame aims to raise aid work awareness | | 12 October 2010

Forum Views () Forum Replies ()

Read more with google mobile : Europe in firing line as G20 leaders meet

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search ADVERTISEMENT Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Europe in firing line as G20 leaders meet AFP - 2 hours 17 minutes ago Send IM Story Print Europe in firing line as G20 leaders meet TORONTO (AFP) - – Europe's economic policies came under blistering scrutiny as world leaders gathered in Toronto, with the Old Continent being cast by allies as the sick man of the global economy. Leaders from the Group of 20 top economies huddled in Toronto to discuss policies that might put some heat in a tepid global recovery and turn the page on the worst financial crisis since the Great Depression. But Europe -- rocked by a sovereign debt crisis that has threatened the future of the euro and the decades-long movement toward continental integration -- found its prescriptions rejected by global partners. Even before the landing gears were down on the planes of late-arriving leaders, Europe's biggest hitters were forced to admit their ideas for a global bank tax to moderate financial sector excess had been shot down in flames. A proposal from Britain, Germany and France to impose levies on banks' liabilities or profits appeared to receive close to no backing from other G20 members. "Three countries supported this idea. We are a year into the process and there are still three countries which support the idea," a senior G20 official told AFP. "The parrot is not sleeping, it is no more. It's dead." German Chancellor Angela Merkel conceded defeat. "We have to expect that we will get a negative decision," she said. "The French president and myself will speak in favor of it tomorrow but unfortunately we ... don't have a consensus, neither on a bank levy nor on a financial tax." The three countries are now expected to move ahead alone with domestic banking taxes, despite initial fears that it may make their banks less competitive. But worse may be to come. With investors demanding ever-higher risk premiums for lending to indebted European nations, the leaders from Britain, France and Germany arrived at the summit pledging to dramatically cut budgets to put their books in order. But that plan come under attack from the United States, which voiced concern that the recovery could be put at risk if government spending is cut too quickly and domestic demand dips. That concern bubbled to the surface Saturday when Geithner said Europe and Japan must do more to fuel domestic demand. "I don't think that you've seen from those countries yet a set of policies that would, again, give everybody confidence that you're going to see stronger domestic demand growth in those countries coming forward," he said. "This recovery is now being led by very strong growth in the emerging markets and a solid expansion in the United States. "Growth started somewhat later in Europe and Japan and it's projected to be somewhat slower over time, and it's still dependent on exports to the rest of the world." Meanwhile Brazil warned that Europe's plans would also hurt emerging economies. Brazilian Finance Minister Guido Mantega called for any budget cuts "to be realistic and not inhibit growth." "If the cuts take place in advanced countries it is worse, because instead of stimulating growth they pay more attention to fiscal adjustments, and if they are exporters they will be reforming at our cost." Recommend Send IM Story Print News Search Top Stories Europe in firing line as G20 leaders meet US, Britain both want 'strong and stable' BP Storm Alex veers away from Gulf oil spill Goldman ordered to pay hedge fund creditors Belgian church mulling legal action after paedophilia raids More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Fans gather for Michael Jackson death anniversary Amputee cat gets bionic legs US, Britain both want 'strong and stable' BP Study indicates life was possible all over Mars Belgian church mulling legal action after paedophilia raids More Most Viewed » Aussie men shoot each other in buttocks 'to see if it hurts' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 27 June 2010
Iranian exiles demand tougher sanctions on Tehran
Belgian church mulling legal action after paedophilia raids
US to Karzai: New general won't alter Afghan plan
Germany says Apple must improve data transparency
North Korea party to pick new leadership |
Fragile recovery puts development goals at risk: G8
Mullen to Karzai: New general won't alter war plan
Romania to raise VAT to 24% to curb deficit
Thousands protest in Taiwan against China trade deal |
Iranian exiles demand tougher sanctions on Tehran |
Storm theatens Gulf of Mexico oil spill clean-up
Death toll in flood-stricken south China nears 400 |
India wants more Pakistanis tried for Mumbai raid |
Fear ahead of Kyrgyz vote in wake of violence |
Yemen arrests 30 in al Qaeda hunt, 1 detainee dead |
Iran says Gaza aid delegation to go on Lebanon ship |
Poland's Komorowski keeps lead in election race |
Breakaway Somali region votes for president |
Li downs chatterbox Rodionova
Pope to name Vatican representative to Vietnam
Suarez double fires Uruguay into quarter-finals
Pakistan and India to fight terrorism together
India wants more Pakistanis tried for Mumbai raid
G8 condemns North Korea in ship row
Diva A-Mei sweeps Mandarin pop music awards in Taiwan
Uruguay beat South Korea, reach last eight
Street protests in India over fuel price hike
Uruguay lead South Korea 1-0 at half-time
Germany says Apple must improve data transparency |
New Apple iPhone hard to find, but not impossible |
Salesforce sues Microsoft as legal feud escalates |
E-books pave way for more blockbusters, serials |
Pakistan to monitor Google, others for blasphemy |
Muse, Kylie take the stage at sweltering Glastonbury
Fans scramble for Apple's iPhone upgrade |
Portugal fan surprised by South Africa, usually happily
Suicide-hit Foxconn hands over staff dormitories |
Latin linguistics getting lost in translation
YouTube, now with instant vuvuzela sound |
Sony's PlayStation near deal with Hulu: report |
Five arrested at Saint Petersburg gay protest: AFP
Eminem, clean and sober, draws on new inspiration |
Afghan-Pakistan border: a smuggler's delight
Europe in firing line as G20 leaders meet
Kyrgyz leader casts vote in turbulent south |
US, Britain both want 'strong and stable' BP
'Genocidal' Israel will be put in its place
Japan PM sticks to modest election goal after polls |
Sarkozy defends minister under fire over L'Oreal heiress
US service member killed in Afghanistan
Goldman ordered to pay hedge fund creditors
Scuffles in Bangladesh opposition general strike |
Chavez: 'genocidal' Israel will be put in its place |
US to Karzai: New general won't alter Afghan plan
Iranian exiles demand tougher sanctions on Tehran |
Guinea yearns for change with first free vote |
Indonesia's struggling deradicalisation policy
Japan PM sticks to modest election goal after polls
US military chief in Israel for top-level talks
In signal to Pyongyang, US, SKorea beef up ties
Police probe Hong Kong luxury flat sale: report
Bangladesh hit by first strike since elections
Aussie striker hits out at W.Cup refs after Australia exit
Mysterious ex-con draws comparison to Jason Bourne
All Blacks coach 'wields axe' for Tri-Nations squad
Dutch murder suspect confession stands: Peru judge
Policeman dies while fleeing sex raid in Malaysia
More Asia progress possible under new Australia PM
American pilot killed in Borneo copter crash: police
China firms shoot for the big leagues at World Cup
Obama, Hu seek to rekindle ties at G20
S.Korea Q3 exports seen up, but growth slower -survey
Japan: China should join G8 talks 'time to time'
S.Korean top firms more upbeat for July
G20 split over recovery plan
Obama unveils push for South Korea free trade deal
China will not bow to G20 pressure on yuan
Transsexual's memoirs breaks new ground in Arab world
Spectacular German concert hall covets Sydney dazzle
Times of change for French wines' export strategy
Thousands march in Mexico City gay pride parade
US-ENTERTAINMENT Summary
North Korea Announced September Meeting To Select New Dictator
Shakira, Kylie and Muse shine at Glastonbury
Zambian village glimpses first TV, tuned to World Cup
Chang shines at Taiwan's Golden Melody Awards
Tens of thousands rally for gay rights in Paris
Shakira, Kylie and Muse shine at Glastonbury |
Captured soldier's family march to Jerusalem
Vatican beatifies Lebanon monk
NATO says increased military ops behind death toll
Captive Israeli soldier's parents march for swap
Blood test gives pointer to early menopause
Pope calls Belgian police Church raids deplorable |
NATO reports death in Afghan war in record month
NATO: Afghan ops not slowed despite command change
N.Korea rejects U.N. truce talks over ship sinking |
Stormy conditions could hamper Gulf oil cleanup
Guinea votes in first democratic election since independence
NATO: Afghan on track despite commander change
Cuban former castaway Elian on military track |
Northern Afghan airstrike kills 8 militants
Voting begins as Guinea savors free election |
Tourist boats collide in Thailand injuring 33
Czech Civic Democrat leader Necas to become new PM |
N.Korea rejects U.N. truce talks over ship sinking
North Korea open to talks with Seoul over warship
Baby Killed By Falling Branch At Central Park Zoo
Migrants fear for future after World Cup |
Former VP Cheney Remains In Hospital
G20 leaders aim for deal to cut deficits by 2013
Alex Downgraded, But Expected To Strengthen
Pakistan starts resettling South Waziristan tribes
Eleven dead in China as bus accident
New Australia PM rejects population growth plan
Taiwan's China envoy defends controversial trade pact
GM recalls 2,000 vehicles in South Korea
Reliance Communications sells phone towers to GTL
Taiwan seeks protection for its companies in China
Hurt Locker star braves real Afghan minefield |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01