UK, France and Germany have called on the G20 to discuss exiting measures implemented to tackle economic crisis, as well as limits on bank bonuses.
In a joint letter to European leaders, Brown, Merkel and Sarkozy said major economies had to avoid creating new global imbalances as the recession receded.
They said that although the world economy was stabilising, the crisis was not yet over and urged governments to implement fully their recovery plans, while ensuring that they did not create the conditions for new global imbalances in the future.
The joint letter stated “We must therefore work on exit strategies that will be implemented in a coordinated fashion as soon as the crisis has ended.”
The three leaders also asked the G20 to discuss tougher regulation of the financial sector and a “complete list of counter measures” to be introduced in March 2010 to penalise any countries that were still deemed not to be cooperating over their tax regimes.
