EU officials have conceded that Europe still has considerable work to do before persuading other G20 members on the need for a global bank levy and fiscal consolidation.
At the same time, officials working in Brussels in preparation for the G20 leaders's meeting Toronto later this week (26-27 June) said China's recent decision to allow a gradual appreciation of the renminbi has helped to stave off a currency scrap at the gathering.
EU leaders meeting last week reached broad agree...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login