The European Union (EU) has urged the G20 club of nations to agree when to scrap their economic support packages. The EU said a coordinated exit from stimulus measures would help restore confidence and reduce the risk that some countries would be disadvantaged. EU leaders made the call in an open letter ahead of this weekend's G20 summit in Canada. The EU also said the G20 should reconsider the introduction of a global transaction tax on banks. During the global financial meltdown, countries introduced a variety of support mechanisms, from loan guarantees to emergency tax breaks, to maintain growth. The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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