19 Feb '11, 8am

G-20 strive to reach deal on economic stability indicators: PARIS - G-20 NATIONS sought to reach a deal on Satur...

PARIS - G-20 NATIONS sought to reach a deal on Saturday on a set of agreed indicators to measure the economic health of nations, key to their flagship initiative to try to avoid another global financial crisis. Finance ministers and central bankers from the 20 top developed and developing economies sat down for talks after their negotiators worked through the night to resolve disagreements. In welcoming remarks on Friday, French President Nicolas Sarkozy warned the ministers that failure to put aside national interests and reach a deal would kill off the G-20. 'The temptation to give priority to national interests is great. But let me tell you clearly - that would be the death of the G-20,' said Mr Sarkozy. After the 2008 global economic crisis, world leaders decided to make the G-20 the pre-eminent world economic council instead of the G-8 of the top industrialised nation...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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