Czech Finance Minister applauds G20 summit results

Czech Finance Minister Miroslav Kalousek has greeted the outcome of the G20 summit as an historic success. Mr. Kalousek however rebutted French President Nicolas Sarkozy’s comments suggesting the London summit meant the end of “Anglo-Saxon” capitalism. The Czech finance minister said such words were too strong and premature. He stressed in Prague on Friday that the solution to the ongoing global economic crisis must be based on free trade and the market economy. One of the main outcomes of the summit was agreement that an extra trillion dollars be earmarked for countries in financial trouble.