Leaders of the world's 20 largest economies pledged action to reverse a looming global recession and prevent future financial upheaval, but shied away from a coordinated stimulus plan. Yep. We're screwed.
World leaders agreed at the economic crisis summit to an action plan for reforming the financial system and promised to work together to restore global growth, according to a final communiqué. "We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the world's financial systems," the final statement from the G20 group of countries said.