Economy News Headlines - Yahoo! News: EU promises less austerity as G20 debates debt

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EU promises less austerity as G20 debates debt Apr 19th 2013, 00:55 By Jan Strupczewski WASHINGTON (Reuters) - The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday, highlighting a policy shift the United States has long been pressing for. "They are preaching to the converted," EU Economic and Monetary Affairs Commissioner Olli Rehn told Reuters. The pace of fiscal tightening around the globe is set to dominate talks by finance ministers and central bank governors from the Group of 20 advanced and emerging economies, who are meeting late on Thursday and again on Friday in Washington. ... Media files: 2013-04-19T003028Z_1_CBRE93I01EX00_RTROPTP_3_FRANCE_original.jpg (image/jpeg)

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