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News Link • Obama Administration

Geithner Pleads With The G20 Not To Start Balancing Their Budgets

At the G20 this weekend, Europe and Japan are being warned not to cut back on economic stimulus, by Timothy Geithner. Emergency assistance that G20 leaders agreed on at previous summits at the height of the economic crisis must not be withdrawn too soon, he said. "We're going to avoid that mistake by making sure that we recognize that it's only been a year since the world economy stopped collapsing," he said.

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