World leaders promised a new era of economic co-operation at the close of the G20 summit in Pittsburgh on Friday, endorsing new guidelines for bankers' pay, a tight timetable for regulatory reform and a new framework for balanced growth.
But little progress was made on trade or climate change and many experts expressed doubt that the accord on growth would actually result in policy changes by leading nations.
“There is no longer an Anglo-Saxon world and a European world,” said Nicolas Sarkozy, the French president, highlighting US agreement to implement the Basel II capital accord and a crackdown on tax havens.
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