UPDATE 1-U.S. crisis shouldn't slow G20 growth plan - Canada

Tue Oct 8, 2013 12:32pm EDT
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* U.S. fiscal crisis to dominate G20 talks

* G20 can apply peer pressure to U.S.

* Canadian finance minister urges U.S. to tackle debt

* Canada to push for growth policy pledges in early 2014

By Louise Egan

OTTAWA, Oct 8 (Reuters) - The U.S. gridlock over government finances will dominate a meeting of G20 finance officials this week but should not slow down the group's work on an action plan to bolster long-term growth, a senior Canadian financial official said on Tuesday.

The official, who briefed reporters on condition of anonymity, said focusing on the short-term crisis in the United States was the responsible thing to do because increased uncertainty could throw a wrench in the efforts by the Group of 20 leading economies to engineer stronger growth. He said the G20 might have some influence on U.S. officials through peer pressure and discussion.

But he said the group should not lose sight of its ultimate goal of figuring out how to improve on a global recovery that has so far been unsatisfactory.   Continued...