WASHINGTON (AP) — Despite a deepening Greek debt crisis, financial leaders say the global economy is recovering at a better-than-expected rate.
Finance ministers and central bank governors of the world’s 20 major economies said in a joint statement Friday that the world is emerging from the deepest recession in decades because of the massive amounts of government stimulus that have been provided.
The statement did not address the Greek debt crisis directly, but it did say the countries were working to come up with a coordinated effort to overhaul financial regulatory systems that were found to be seriously flawed.
