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Live cross: How will deficit affect world economy?

06-28-2010 18:41 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

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To discuss the G20 Summit in Toronto, we're now joined by Professor Duncan Freeman, who is in Brussels, Belgium.

Q1. Hello, Professor. Thanks for joining us. At the just concluded G20 summit, world leaders pledged to slash government deficits in the most industrialized nations in half by 2013. So how will this affect the balance of the international economy?

Q2. G20 Leaders agreed last year to introduce new bank rules by the end of 2012 to prevent a repeat of the financial crisis. But at the summit, they've laid to rest any plans to introduce a common tax on banks. Why have they come to this decision?

Q3. The European debt crisis has caused financial panic in the rest of the world, and it was one of the key issues during the G20 summit. It seems that the US and many European countries are at odds over whether stimulus packages should be maintained. What's behind the difference in opinions?

Editor:Du Xiaodan |Source: CCTV.com

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