2009 G20 London summit London Summit and to co-ordinate their actions. The meeting was organised at the initiative of German Chancellor Angela Merkel. The leaders agreed that markets, financial institutions and the wide range of financial assets they create, and hedge funds should be subject to appropriate control. In addition, they called for effective sanctions against tax havens. They also agreed to impose sanctions against countries that intend to undermine their work. Finally, they advocated the doubling of funds available to the IMF. Finance ministers and central bankers of the G20 met in Horsham on 14 March 2009 to prepare for the London Summit.
2008 G20 Washington summit of achieving all its objectives. The 2009 G20 management troika (U.K., Brazil, South Korea) is charged with coordinating the task of coming up with the content and method of implementing the 47 short and mid-term objectives by March 2009. Follow-up Summit meetings were held on April 2, 2009 in London, and in September 2009 in Pittsburgh. The financial press generally welcomed the results of the summit but the Financial Times drew attention to the need for real global cooperation on the ambitious agenda while the Wall Street Journal questioned whether the "regulatory crackdown on the kind of high-risk lending and