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...
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