Today in Euro Crisis History: Birth of the G-20

November 15, 2008

G-20 Calls for `Broad’ Policy Action as Major Economies Weaken

World leaders agreed more must be done to shore up the global economy and improve regulation of financial markets, leaving details on how to do that to individual countries.

In a statement released after five hours of meetings in Washington, leaders of the Group of 20 nations called for a “broader policy response” to the possibility of a deep recession, but said nations should act “as deemed appropriate to domestic conditions.”

Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the roots, twists and turns of the current turmoil.

What do you think about this article? Comment below!