Saturday, April 4, 2009

G-20 Agreement For More Than $1 Trillion in Additional Global Stimulus is Dramatic and Vitally Needed

3 Apr 2009 21:15 Africa/Lagos

G-20 Agreement For More Than $1 Trillion in Additional Global Stimulus is Dramatic and Vitally Needed

Borosage: Leaders Decided To Let Crisis Decide If New Steps Are Necessary

WASHINGTON, April 3 /PRNewswire-USNewswire/ -- Campaign for America's Future co-director Robert Borosage, in Brussels this week for the Global Progressive Forum, said the additional global stimulus is a dramatic and vitally needed initiative. G-20 leaders this week pledged an additional $1.1 trillion in financing to the International Monetary Fund and other global institutions and declared a crackdown on tax havens and hedge funds.


STATEMENT OF ROBERT BOROSAGE


This trillion-dollar commitment for the developing world in this crisis is a dramatic and vitally needed initiative. We also need every major industrialized country to help boost the global economy with bold national, deficit financed, recovery plans. America can't do this alone. Everyone has to grab a bucket and start bailing.


The G-20 leaders chose to agree to agree. The Europeans avoided bold new stimulus commitments. The British and Americans avoided bold new regulation of the financial community. Clearly, the leaders decided to let the crisis decide whether new steps are necessary.


Source: Campaign for America's Future

CONTACT: Rachel Perrone or Jennifer Ettinger, both of Campaign for
America's Future, +1-202-587-1639

G20 Summit
Releases displayed in Africa/Lagos time
3 Apr 2009
21:39
Civil Society Groups Issue Joint Statement on 'Unfinished Business' of the G20
21:15
G-20 Agreement For More Than $1 Trillion in Additional Global Stimulus is Dramatic and Vitally Needed
2 Apr 2009
20:58
Bread for the World Welcomes President's G-20 Pledge to Redouble Efforts on World Hunger
18:20
Ed Miliband statement on G20
18:09
Tax Havens and Secrecy Jurisdictions: Not the Beginning of the End But, Perhaps, the End of the Beginning
1 Apr 2009
22:21
Transparency Key to Effective Reform of Global Financial System in G-20 Process
19:04
The Conference Board Maintains That Global Growth Rates Are In Positive Territory
17:22
Bread for the World Urges G-20 Leaders to Include Food Security, Economic Recovery for Poor Countries
13:57
A Way Out of the Crisis


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