Debt restructuring code adopted by G20

German Finance Minister Hans Eichel confirmed on Sunday 21 November that the G20, excluding Argentina, had adopted a set of rules on sovereign debt restructuring in Berlin at the G20's annual meeting.

"Apart from Argentina, all others have explicitly supported it," said Eichel, who chaired the three-day meeting.

A communique issued at the end of the Group of 20 meeting in Berlin on Sunday said the code of conduct should help countries and creditors to avoid crises.

"Such principles, which we ge