G20

G20 works on plan to boost EU economies

Leaders of the world’s largest economies worked into the night to agree on comprehensive measures to defuse the eurozone crisis, after a tense day in which Greece dominated the Group of 20 summit.

As negotiators prepared to go into what officials thought would be all-night sessions, the G20 was seeking to augment an action plan for growth and jobs that was already on the table with additional tasks and funds for the International Monetary Fund.

After dinner on Thursday, officials said the “Frankfurt group” – France, Germany, European Union officials and the IMF – would be joined by Barack Obama, US president, for another crisis meeting, because they did not have sufficient time on Thursday morning to complete discussions.

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