News Alert from The Wall Street Journal
G-20 finance officials agreed to take "whatever action is necessary" to restore global growth and support lending, but didn't commit to a U.S.-led push for more coordinated government spending.
The statement at the end of Saturday's meeting in the U.K. says they pledge to maintain expansionary monetary policies as long as needed and agreed the key priority is to restore bank lending, including dealing with impaired assets.
For more information, see:http://online.wsj.com/article/SB123702789137730081.html?mod=djemalertNEWS
Read the full text of the statement:http://blogs.wsj.com/economics/2009/03/14/g-20-finance-ministers-and-central-bank-governors-communique/
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