Looks like they must have ordered the Ministers to pack dirndl and lederhosen for the G20 summit given the newfound "austerity" outcome. Is that Mozart's Requiem Mass in D minor that I hear in the background?


G20 communique after meeting in South Korea

BUSAN
Sat Jun 5, 2010 3:57am EDT

South Korea (Reuters) - Following is the statement issued by the Group of 20 after a meeting of its finance ministers and central bank chiefs on June 4-5.

1. We, the G20 Finance Ministers and Central Bank Governors, met at a critical juncture to firmly secure the global recovery and address the economic challenges and risks.

2. The global economy continues to recover faster than anticipated...We will pursue well coordinated economic policies. The recent events highlight the importance of sustainable public finances and the need for our countries to put in place credible, growth-friendly measures, to deliver fiscal sustainability, differentiated for and tailored to national circumstances. Those countries with serious fiscal challenges need to accelerate the pace of consolidation. We welcome the recent announcements by some countries to reduce their deficits in 2010 and strengthen their fiscal frameworks and institutions...