Europe - G20 split on bank crisis solution
Divisions are growing among Group of 20 nations on how to recover from the global economic crisis, as finance ministers meet in London, Britain's capital. While several European countries want a global agreement to curb bankers' bonuses, which many have blamed for the crisis, the initiative has not received strong support from the US or the UK.
The finance ministers of Sweden, France, Spain, Germany, Italy, Luxembourg and the Netherlands called on Friday for bonuses guaranteed for more than a year to be banned.Christine Lagarde, the French finance minister, said that she and other members of the group would be pressing the US to join the European-led move on bonuses.
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