"Those that have fiscal room (should) take advantage of that to boost the strength of domestic demand at a time when the global economy is being undermined by increasingly uncertain prospects in Europe," Collyns said, naming China as a country with such fiscal capacity.
Other initiatives at the APEC summit involve discussions on boosting the use of environmentally sensitive "green" technologies and the promotion of a new U.S.-centric Pacific-rim trade agreement, the Trans Pacific partnership.
- See a collection of political cartoons on the economy.
- Read Rick Newman's lessons for Congress from the chaos in Greece.
- Read how the crisis in Europe could drag down the United States.
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