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G20 leaders listened to some of Europe's concerns (Photo: Commission)

Wins and losses for EU at G20

A range of compromise agreements enabled leaders to save face on Sunday (27 June) as the Group of 20 meeting in Canada drew to a close.

A declaration on cutting national budgetary deficits in half by 2013 was heralded as a victory by EU politicians, but European hopes for a global bank levy fell by the wayside.

"The summit's result reflects widespread convergence around Europe's approach," European Commission President Jose Manuel Barroso and European Council President Herman Va...

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G20 leaders listened to some of Europe's concerns (Photo: Commission)

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