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.
2010 G20 Toronto summit most expensive security operation in Canadian history. The total combined cost between the 36th G8 summit in Huntsville and the G20 summit in Toronto including security, infrastructure, and hospitality, was determined to be approximately C$858 million. Many leaders of the G20 disagreed about which issues should be discussed at the summit. The prime focus of the summit discussions was the recovery from the ongoing global recession and the European debt crisis. Summit leaders were divided over which strategies would be best for tackling these problems. The European Union emphasized the need to cut their deficits by focusing on austerity measures.