European Union (EU) leaders have two major topics to push at the summit: coordination in exit strategies and renewed efforts to reform financial markets.
"The G20 should agree on a coordinated and differentiated exit strategy to ensure sustainable public finances," EU President Herman Van Rompuy and European Commission President Jose Manuel Barroso said in a joint letter to G20 partners Wednesday.
Concerning financial reform, Van Rompuy and Barroso called on the G20 to reaffirm its commitment to strengthened financial regulations in such fields as capital requirements for banks, remuneration policies, convergence of accounting standards and the fight against tax havens.
The two leaders also repeated the EU's call for a global deal on bank levies and urged G20 leaders to explore the possibility of introducing a global financial transaction tax, which would prove to be more controversial.
(Xinhua News Agency June 24, 2010)