G20 Summit Begins
Liputan6.com, Toronto: The leaders of the Group of 20 countries have gathered in the city of Toronto, Canada to discuss the problem by focusing on fiscal reconstruction and sustainable economic growth. This meeting is expected to bring good effect in providing input and assessment among member countries. This two-day meeting began with a dinner between the leaders of developed countries and developing nations on Saturday (26 / 6).
Before the G20 meeting, leaders of Group of Eight industrialized nations agreed to take steps for the medium to long term to balance public finances, to contribute to the economic recovery that appears. After discussion of the G8, the G20 leaders are thought to have exchanged views on ways to restore fiscal health and setting policy guidelines for sustainable world economic growth.
But the United States expressed concern that the fiscal savings can weaken the global economy amid the financial crisis in Europe. Attention is also focused on the extent to which the G20 countries can cooperate in forming the union. Discussions are also expected to include policy changes recently China to be more flexible, so that fluctuations in its currency, yuan. (NHK / DES / Job)
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