EU Prepares for London

The European Union held a summit in Brussels,Belgium recently to prepare for the G20 summit in London in a few weeks' time.The EU pledged 100 billion dollars to the International Monetary Fund's reserves;seven billion to EU projects; and 68 million to non-EU members.It urged the U.S. and others to join in doubling the IMF's reserves to 500 billion dollars.President Obama will attend the G20 summit and the NATO 60th anniversary summit on April 3-4.The G20 is a group of the largest economies and emerging markets.NATO,the North Atlantic Treaty Organization, is the Euro-American defense alliance.