BBC News - G20 summit agrees on deficit cuts by 2013
Quote(Leaders at the G20 summit in Canada have reached agreement on a deal to cut national budget deficits without stunting economic growth.
Summit host Prime Minister Stephen Harper said the group's richest members should halve their deficits within three years.
Correspondents note that every major G20 country had already committed to that target before the summit.)
In other words just a glorified waste of time.
Quote(Proposals for a global levy on banks have been dropped, Mr Harper said.)
Happy to see there were sensible people there.
Quote(US President Barack Obama warned against fast and deep budget cuts, fearing damage to global growth.)
More likely fearful of damage to his spend spend spend scheme to inure rest of world in mounting debt!
Quote(But European members, including the UK, France, and Germany, have already led moves to slash record public deficits, despite opposition from the United States which is saddled with a $1.3tn debt.)
Good for them.