US Secretary of State Hillary Clinton says Washington is looking for a commitment to financial stimulus and market regulation from tomorrow’s G20 summit in London.
Speaking to euronews, Clinton said global action was needed, but reticence from EU states would not strain transatlantic relations. She said: “If you look at the full range of countries that will be at the G20, it is not just about Europe and the United States. We happen to believe our assessment of this financial situation is that a stimulus now makes sense, because we need to kickstart the economy. “We respect those who disagree with us, but we are very pleased that China for example has engaged in a very significant stimulus, Australia has. Other countries have. We want to get the global economy going again. Once the global economy is going again, we need a regulatory framework in place to make sure this never happens again. “So, we have to do both, and it has to be done simultaneously. Some countries will contribute more on one side than the other, but it must be a collective effort.”