The G20 will put to rest proposals for a global bank tax, introducing new language in their communique that recognises some countries did not have bank bailouts and therefore may seek alternative policies, a senior G20 official said on Saturday.
The United Nations Secretary-General pressed here Wednesday for putting climate change on the agenda of the G8 and G20 summits which Canada hosts in Toronto in June.
In response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe, five major Western central banks announced on Sunday the re-establishment of temporary U.S. dollar liquidity swap facilities.
Eurozone finance ministers agreed on Sunday to activate the aid package for Greece, offering along with the International Monetary Fund (IMF) 110 billion euros to the debt-laden country in the next three years.