Leaders differ on how to nurture a global recovery

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Source: ap

TORONTO – World leaders, facing serious differences over the best way to nurture a fragile global recovery, are agreeing to disagree in a variety of key areas.

Even before the economic talks were to begin over lunch Friday, the leaders engaged in a series of dueling letters and interviews that exposed their conflicts.
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Britain, Germany, France and Japan have all unveiled deficit-cutting plans. Canadian Prime Minister Stephen Harper, the host for the summit meetings, was urging the countries to agree to concrete deficit-reduction goals as a way of restoring investor confidence following the turmoil caused by the Greek debt crisis.

Asked about the disputes over stimulus spending versus deficit reductions, Canadian Finance Minister Jim Flaherty said, "One size doesn't fit all."

Read more: http://news.yahoo.com/s/ap/20100625/ap_on_bi_ge/world_summit

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same tune for al jazeera:

G20 split over global recovery
World leaders are divided as they arrive in Toronto for G20 discussions over how to tackle the global economic crisis.

European delegates at the two day summit, which begins on Friday, have said that they want to focus on austerity measures to cut the deficits, while the US is looking to maintain stimulus spending to encourage growth.
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Britain, France and Spain, among other European naitons, are also pushing forward with budget cuts despite US fears that reducing spending too rapidly could put the global recovery under threat.

Barack Obama, the US president, said on Thursday that "surplus countries", often taken to mean Germany and China, need to continue to find means to stimulate growth.

al jazeera, http://english.aljazeera.net//news/americas/2010/06/20106255843987843.html