Harper Says G20 Declaration Should Give ‘Hope’

(Video: Associated Press • Story: CTV News)



Prime Minister Stephen Harper is optimistic that members of the G20 have made a plan of attack for the struggling global economy that will give ‘hope’ to people worldwide.

“The declaration should give us all hope, and I would hope it would give the markets some reassurance,” the prime minister said at a news conference in Washington on Saturday.

The leaders of the world’s largest 20 economies met in Washington this weekend to discuss the world financial crisis. On Saturday, they issued a declaration outlining the steps they intend to take to get the global economy back on track.

Some of their agreed-upon resolutions included:

• developing government spending plans to stimulate the economy;

• having more open and better-monitored financial markets;

• developing an early warning system to detect and prevent future economic crises;

• establishing a college of supervisors, to be made up of financial regulators from around the world; and,

• increased liquidity to developing countries who need credit to ensure financial growth.

Harper said there was “a nearly unanimous accord” on the major subjects among the G20 leaders, and that Canada would do its part in upholding its responsibilities in the agreed-upon resolutions. Read the complete article.