German Chancellor Angela Merkel, France's President Nicolas Sarkozy and Italy's Prime Minister Silvio Berlusconi (L-R) chat at a news conference after a meeting in Berlin, February 22, 2009. European leaders met in Berlin on Sunday to agree a common stance on overhauling global financial rules but their summit risked being overshadowed by concerns about the fragility of euro zone and eastern European states.(Xinhua/Reuters Photo)European Economies Agree Need For Regulation Clampdown -- Yahoo News/AFP
BERLIN, Germany (AFP) – The heads of Europe's largest economies agreed Sunday on the need for greater regulation of financial markets and to double IMF funding to avoid a repeat of the global economic crisis.
The leaders of Britain, France, Germany, Italy, Spain and the Netherlands met in Berlin to hammer out a joint European stance for the Group of 20 meeting of developed and developing countries in London on April 2.
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More News On Europe's Economic Conference
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