World leaders meeting at the G20 summit on Thursday must act more decisively to clean up the toxic assets poisoning the global banking system or risk prolonging the worst global recession in generations, the head of the International Monetary Fund warned.
His comments came as the leaders of the world’s most powerful economies last night struggled to bridge divisions over the summit’s priorities amid violent anti-capitalist demonstrations in London. Protesters besieged the Bank of England and smashed their way into a Royal Bank of Scotland branch, sparking clashes with riot police. One man died after apparently collapsing, police said last night.
