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G20 warns US over deficit amid fears it is the next crisis to hit
Topic Started: June 21, 2012, 1:13 pm (325 Views)
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G20 warns US over deficit amid fears it is the next crisis to hit
America has been given a rare warning from G20 countries not to botch its own deficit-cutting measures amid fears that the world's biggest economy could fall off a "fiscal cliff" next year
By Richard Blackden, in Los Cabos, Mexico
11:48PM BST 19 Jun 2012

Quote:
 
The warning came at the end of a fraught two-day summit in Mexico dominated by Europe's debt crisis. While the world's most powerful economies urged European governments to do more to end their crisis, the rebuke to The White House reflects increasing concern that America's struggle with its own $15trillion of debt will be the next to hit the world economy.

To read more > http://www.telegraph.co.uk/finance/g20-summit/9343110/G20-warns-US-over-deficit-amid-fears-it-is-the-next-crisis-to-hit.html
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