On Friday March 20, EU leaders met to establish a common strategy ahead next month’s G20 Summit in London. EU member states will collectively advocate for tighter global regulation of financial markets, and a stricter approach to tax havens. EU members of the G20 will ask their fellow members to guarantee ‘appropriate regulation and oversight of all financial markets, products and participants that may present a systemic risk, without exception and regardless of their country of domicile.’ The head of stated decided to double loans available to eastern Europe to 50 billion euro and to support the IMF with additional 75 billion euro.

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