Emerging markets like China and Brazil, as well as US, are urging European ministers to address its sovereign debt woes. But emerging markets, US lack consensus on solution.
Commission’s draft proposal on cuts and taxes to slash national debt has riled partisans on both sides. Next major move is President Obama’s.
India's private sector is strong, but the public sector's mismanagement of the Commonwealth Games may have tarnished the image of India as an investment opportunity, say economic analysts.
Congress is considering legislation that would punish China for devaluing its currency, a policy the Obama administration regards as hindering US jobs growth. But some say protectionism is even more costly.
The meeting's great success is $1.1 trillion in economic aid for the developing world, but other proposed solutions to the recession were vague.
They pledge a more coordinated response to the global financial crisis, including stronger regulation.
France, Ireland, and Denmark are in recession. Others teeter on the edge.