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News Link • Economy - International

G-20 Pledges Support For Banks,EU To Bolster Rescue Fund

• online.wsj.com
BY COSTAS PARIS AND IAN TALLEY

PARIS—World financial leaders meeting in Paris amid efforts to address Europe's debt crisis on Saturday pledged to ensure banks have sufficient capital and said Europe would work to maximize the impact of its €440 billion ($611 billion) bailout fund.

A draft communique prepared by officials of the Group of 20 industrialized and developing economies also said their central banks stood ready to provide funding to banks should it be necessary.

Officials said they had also made progress on a coordinated G-20 "action plan" to boost global growth and help pull the world economy out from the mire.

The G-20 left ...

 

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