Headquarters of the world has moved for two days in London. The meeting G 20 Summit brought together leading industrial powers, such as the US, Japan and Germany, and also emerging market countries such as China, India, Argentina, Brazil and others – representing 85% of the world economy.
As was predictable, especially in acuteness of crisis, the meeting of biggest leaders of world for a new discussion related to the global economic crisis has already attracted numerous critical comments and even violent demonstrations. It follows the first G20 meeting of heads of government which took place last November in Washington.
In a London paralyzed of protesters, President Obama started today with a meeting with Prime Minister Gordon Brown. At 08.03 hrs, President Obama and his wife were arrived in Downing Street for an early breakfast with Gordon Brown. Also, President Obama will have a separate meeting with Chinese President Hu Jintao. They are likely to discuss the global economy and a possible North Korean missile launch. And no more less important, President Obama hopes to reverse a serious slide in relations with Moscow today when he meets Russian President Dmitri Medvedev for the first time.
About Agenda G 20, and what is likely to happen, what it hopes to accomplish – back later.
Update: The objective of the London Summit is to bring the world’s biggest economies together to help restore global economic growth through enhanced international coordination. To achieve this requires three commitments by world leaders:
- First, to take whatever action is necessary to stabilise financial markets and enable families and businesses to get through the recession.
- Second, to reform and strengthen the global financial and economic system in order to restore confidence and trust.
- Third, to put the global economy on track for sustainable growth, high levels of employment and poverty reduction.