G20 urges European leaders to deal decisively with debt turmoil
- Gulf News Report
- Image Credit: Reuters
- A car burns during a demonstration by the ‘Indignants’ against banking and finance in Rome yesterday. Protesters worldwide railed against bankers, financiers and politicians they accuse of ruining global economies and condemning millions to poverty and hardship through greed.
Dubai: Protests raged in cities from Sydney to Chicago on Saturday as global finance chiefs met in Paris to discuss a way out of Europe's sovereign debt turmoil.Thousands took to the streets in New Zealand and Australia, followed by Manila and Hong Kong, as demonstrations spread to Europe — where violence broke out on the streets of Rome, and protesters in London scuffled with police — and finally the US, the home of the Occupy Wall Street movement.Protesters hit out at corporate greed and cutbacks by governments, with many expressing anger over unemployment and opposition to the financial elite.Meanwhile, following the second day of talks in Paris, global finance chiefs gathered at a meeting of the G20 last night urging Europe's leaders to "decisively" deal with the region's sovereign debt turmoil, setting an October 23 summit as the deadline for a plan. Read the rest on:
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