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No.287 SIM音読用英文

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G-20 Agrees on Huge Stimulus, Tough Regulations to End Economic Crisis
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Coming out of their full day meeting in London,

G-20 leaders spoke of success,

unprecedented consensus and historic compromises.


They pledged $1 trillion

for the International Monetary Fund, the World Bank

and other global institutions

for individual countries to draw on

to restore credit, economic growth and jobs.


U.S. President Barack Obama described the summit

as a turning point.


"In an age where our economies are linked more closely than ever before,

the whole world has been touched

by this devastating downturn.


And today, the world's leaders have responded

with an unprecedented set of comprehensive and coordinated actions."


Summit host, British Prime Minister Gordon Brown said

the world had come together

with a united plan

to combat the global recession.


"We believe that in this new global age,

our prosperity is indivisible.


We believe that global problems

require global solutions.


We believe that growth to be sustained must be shared

and that trade must once again become an engine of growth."


The summit's emphasis was clearly

on coordinated action.


G-20 leaders said

they will maintain their current stimulus plans and expansionary
policies

as long as needed.


The measures announced are wide ranging.


But economic analysts say

what is just as crucial is

that the leaders project a united front

and a commitment to coordinate efforts

to combat the crisis.


One after another, the G-20 leaders seemed intent

on doing just that.


French President Nicolas Sarkozy said

the summit exceeded his expectations

and German Chancellor Angela Merkel spoke

of a very good, almost historic compromise.


No one, it seemed, was going to bring up

the differences within the G-20.


The United States and Britain had wanted more government stimulus
spending

while Germany, France and most other European nations

wanted tougher regulation of the financial sector.


Some of the poorer nations wanted to ensure

they were not forgotten

and the bigger emerging economies,

such as China and India,

were intent on having a bigger say

at the summit.


Sonja Pace, VOA News, London.
by danueno | 2009-04-08 17:57 | SIM音読用英文


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