G20 to warn on complacency

The Group of 20 rich and emerging nations later this week will warn against complacently assuming a sustainable global economic recovery, while admitting sickly public finances could hurt long-term growth, a draft G20 document shows. The European Union will push for taxes on banks and financial transactions, a proposal likely to draw opposition from Canada and other countries who say their banks weathered the financial crisis well and should not be penalized.

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3d rendering of a row of luxury townhouses along a street

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