On other key issues, European nations such as Britain, France and Germany failed to win G20 agreement for new taxes on banks as part of efforts to discourage excessive risk-taking that could lead to another financial crisis.
VOA: standard.2010.06.27
Even with the recent debt ceiling agreement, there is a good chance that disagreements between Democrats and Republicans will result in the opposite: excessive tightening in the short term, on the order of 2% of GDP in 2012, without a credible path to set public debt on a declining path within 5 years.