Saturday, August 6, 2011

G20 deputies to hold crisis call Saturday: Brazil

Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said.
The official told Reuters the call was scheduled for 6:30 p.m. EDT.
"It will be an exchange of information and opinions," the official said by e-mail without providing further details.
Investors are eager to see signs of a coordinated policy response among major economies, which might prevent the crises from spreading or getting worse.
Deputies routinely prepare the ground ahead of meetings by top officials. A European source said G7 finance ministers and central bankers from the largest developed economies would confer by telephone later on Saturday or on Sunday.More...

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