Gillard talks farming, finance at G20

Prime Minister Julia Gillard is discussing finance, food security and fashion at the G20, reports Karen Middleton.

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Prime Minister Julia Gillard and other G20 leaders attending the annual summit in Mexico appear unlikely to get more than a roadmap towards solving the economic crisis and Europe's debt problems.

A draft of the communique, to be formalised in the Mexican resort city of Los Cabos later today, says that all necessary policy measures should be taken to deal with the economic uncertainty.

It's understood the G20 leaders will confirm the doubling of International Monetary Fund resources to 430 billion dollars in loans and each country will spell out measures they'll take to address growth and jobs while rebalancing their budgets.

Australia has been critical of the slow pace of European nations addressing problems with the banking system and the faltering recovery from the global economic crisis, but European chiefs have hit back, saying leaders are well aware of the issues.

Ms Gillard will attend a session on the global economic outlook today, before discussing Europe at a two-hour dinner.


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