1. G-20 Summit Focuses on Impending Devastation for European Countries
"On the big issue of the hour, of weeks and months, the G-20 communique is not going to make a big difference," said Jacob Kirkegaard, a research fellow at the Peterson Institute for International Economics in Washington. ... It also calls for reeling in banking systems and a "more integrated financial architecture, encompassing banking supervision, resolution and recapitalization, and deposit insurance" (Castillo). ... The European Union announced a plan to coordinate banking union rather than leaving struggling countries to fend for themselves. ...
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- Grade Level: Undergraduate