finance.yahoo.com — Leaders at the G-20 summit in London declared that "a global crisis requires a global solution." But that doesn't mean they are in agreement on just what the solution should be.Here is a look at what they promised in their joint communique and what the grand phrases really mean.
Apr 3, 2009 View in Crawl 4
norman619Apr 5, 2009
FTA:"WHAT THEY SAID: "The era of banking secrecy is over."WHAT THEY MEANT: The G-20 agreed to work together to shut down global tax havens where investors hide their assets, depriving their home countries of billions of dollars in tax revenues. However, remains to be seen whether small countries that have benefited for years by operating such havens will respond to the increased pressure for more transparency."LOL!!!! Sounds like the developed richer countries actually believe they have more power than they actually have.
brim4brimApr 5, 2009
It isn't their economy that is bigger, it is their assets. The US owes China so much money it is ridiculous.
qxcvrApr 7, 2009
Oh yeah... Huffington is at the bottom for a reason. :>)