Leaders of the world's 20 largest industrialized and developing economies appear unlikely to make detailed calls for further economic stimulus measures when they meet Thursday.
Calls by U.S. Treasury Secretary Timothy Geithner earlier this month for the G20 to agree to provide an additional boost to spending plans met sharp resistance from Germany and other European countries.
Calls by U.S. Treasury Secretary Timothy Geithner earlier this month for the G20 to agree to provide an additional boost to spending plans met sharp resistance from Germany and other European countries.
British finance minister Alistair Darling, in a BBC interview on Sunday, downplayed chances that leaders would unveil a coordinated stimulus package.
"We are not saying everyone has to do the same thing at the same time on the same day," Darling said on the U.K broadcaster's "Politics Show." "But we must act together."
In an interview with the Financial Times published Monday, Obama played down reports of a rift between the United States and continental Europe over the direction of the G20 efforts.
German Chancellor Angela Merkel has said that spending too much money to revive global growth will create an unsustainable recovery, according to a published report.
Meanwhile, thousands of people marched through central London on Saturday as part of a campaign to challenge the G20 ahead of its meeting.
"We are not saying everyone has to do the same thing at the same time on the same day," Darling said on the U.K broadcaster's "Politics Show." "But we must act together."
In an interview with the Financial Times published Monday, Obama played down reports of a rift between the United States and continental Europe over the direction of the G20 efforts.
German Chancellor Angela Merkel has said that spending too much money to revive global growth will create an unsustainable recovery, according to a published report.
In an interview published in Saturday's Financial Times, Merkel rejected calls to spend more public money in Germany as part of a coordinated stimulus for the global economy, saying that China can do much more to stimulate domestic demand.
Meanwhile, thousands of people marched through central London on Saturday as part of a campaign to challenge the G20 ahead of its meeting.
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