RSS MMS Newspaper Newsletter
EUROPE'S debt drama dominated talks among leaders of the Group of 20 leading economies yesterday, with Greece's government facing potential collapse and European leaders admitting that the eurozone could lose its weakest member.cheap nfl jerseys china
Chinese President Hu Jintao, US President Barack Obama and other world leaders began the formal G20 summit after a morning packed with bilateral meetings and a hurriedly organized meeting of eurozone officials to respond to developments in Greece - which risk fracturing Europe's common currency area and the EU itself.
Obama said the most important task at the G20 summit is to resolve the European financial crisis and urged European Union leaders to flesh out details of their ambitious plan to rescue Greece and stabilize financial markets.
French President Nicolas Sarkozy scrambled to save the summit he's hosting from being hijacked by the tumult in Greece.
Sarkozy said he and Obama agree the private sector should play a greater role in helping resolve the global financial crisis.,Cheap authentic nfl jerseys,
"We have found a common analysis to make the financial world contribute" to finding a solution to the crisis, Sarkozy told reporters after talks with the US president.Replica Rolex watches He said he welcomed Obama's "understanding on subjects such as a tax on financial transactions."
Sarkozy and some others in Europe have been pushing for a small tax on all financial transactions that could be used to help poor nations and reduce debts. The Obama administration and several leading economists are cool to the idea, favoring instead fees on the biggest banks.
Obama said he and Sarkozy discussed developments in Greece "and how we can work to help resolve that situation." He didn't give any details on what the US might do in concert with its European allies.
"The United States will continue to be a partner with the Europeans to resolve these challenges," Obama said.
Meanwhile, other nations weighed in.
Others weigh in
Europe has to "get its act together" and quickly produce a financial rescue plan before other governments can decide how to help, a South African government spokesman said.
South Africa, along with China, Brazil and Russia, is among major developing countries that have pledged support to Europe but say they need to see details before determining how to help. Measures under discussion include having non-European investors supply money for a possible investment fund.Demeco Ryans white jerseys
South Africa wants Europe to flesh out a plan during the summit that runs through today, said Mac Maharaj, a spokesman for President Jacob Zuma.
UN Secretary-General Ban Ki-moon urged leaders to turn their attention to other pressing world issues, too.
"They should first of all, as leaders of this global economy, and global world, look beyond the immediate concerns. ... Billions of people are going hungry to bed, and there are hundreds of millions of people who are sick, who need support," he said.
"I'm concerned about this deteriorating international economic situation," he said.
EUROPE'S debt drama dominated talks among leaders of the Group of 20 leading economies yesterday, with Greece's government facing potential collapse and European leaders admitting that the eurozone could lose its weakest member.cheap nfl jerseys china
Chinese President Hu Jintao, US President Barack Obama and other world leaders began the formal G20 summit after a morning packed with bilateral meetings and a hurriedly organized meeting of eurozone officials to respond to developments in Greece - which risk fracturing Europe's common currency area and the EU itself.
Obama said the most important task at the G20 summit is to resolve the European financial crisis and urged European Union leaders to flesh out details of their ambitious plan to rescue Greece and stabilize financial markets.
French President Nicolas Sarkozy scrambled to save the summit he's hosting from being hijacked by the tumult in Greece.
Sarkozy said he and Obama agree the private sector should play a greater role in helping resolve the global financial crisis.,Cheap authentic nfl jerseys,
"We have found a common analysis to make the financial world contribute" to finding a solution to the crisis, Sarkozy told reporters after talks with the US president.Replica Rolex watches He said he welcomed Obama's "understanding on subjects such as a tax on financial transactions."
Sarkozy and some others in Europe have been pushing for a small tax on all financial transactions that could be used to help poor nations and reduce debts. The Obama administration and several leading economists are cool to the idea, favoring instead fees on the biggest banks.
Obama said he and Sarkozy discussed developments in Greece "and how we can work to help resolve that situation." He didn't give any details on what the US might do in concert with its European allies.
"The United States will continue to be a partner with the Europeans to resolve these challenges," Obama said.
Meanwhile, other nations weighed in.
Others weigh in
Europe has to "get its act together" and quickly produce a financial rescue plan before other governments can decide how to help, a South African government spokesman said.
South Africa, along with China, Brazil and Russia, is among major developing countries that have pledged support to Europe but say they need to see details before determining how to help. Measures under discussion include having non-European investors supply money for a possible investment fund.Demeco Ryans white jerseys
South Africa wants Europe to flesh out a plan during the summit that runs through today, said Mac Maharaj, a spokesman for President Jacob Zuma.
UN Secretary-General Ban Ki-moon urged leaders to turn their attention to other pressing world issues, too.
"They should first of all, as leaders of this global economy, and global world, look beyond the immediate concerns. ... Billions of people are going hungry to bed, and there are hundreds of millions of people who are sick, who need support," he said.
"I'm concerned about this deteriorating international economic situation," he said.
No comments:
Post a Comment