1. G-20 Summit Focuses on Impending Devastation for European Countries
One of the primary focuses for the summit was the global economy's slow recovery, particularly pointing to the impending collapse of the European currency that would devastate the instable economies of the majority of the 17 countries that use the euro (CNN). ... For the time being, instead of stimulus spending, it urged countries to look to education, innovation, and infrastructure investment to encourage their economies. ... Japan will also contribute $60 billion to the International Monetary Fund, while China will contribute $43 billion. ... Obama said that leaders are acting with...
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