Thursday, March 15, 2012

World leaders struggle for common economic ground

After achieving notable success in dealing with the worst economic crisis in decades, major countries are now struggling to manage the global recovery.

Leaders of the Group of 20 rich industrial and major developing countries were wrapping up their summit by agreeing to pursue separate strategies to sustain the fledgling economic comeback.

The United States continued to insist that stimulus spending is needed to bolster the rebound. But a growing list of countries, worried about a Greek-style debt crisis, prefer to cut government spending and raise taxes to attack ballooning deficits.

The G-20 conference was scheduled to conclude with a final …

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