G20 summit in Seoul
In the end of November in the South Korean capital Seoul the leaders of the twenty leading countries in the world, known as the G20, will gather together for a summit. The main issues, as with previous summits, again remain global financial regulation, reform of financial institutions, ensuring sustainable recovery of global economy and ensuring sustainable economic growth. Unlike previous summits, this time a cooperation on all major issues is clearly seen between the United States and the European Union. In the same time, tension is growing with China. euinside will follow both the preparation of the summit and the event itself.
For now the G20 will cure only the symptoms Just a few months after Seoul the global economy's condition shows that the focus is shifting more and more to the problem of imbalances. This becomes clear from the statement of the Ministers of Finance and Central Bank Governors of the G20 countries. During their meeting in Paris on February 1 ...
The battle for global influence has started from Seoul As euinside has forecast several days ago, the biggest problem at the G20 summit in Seoul proved to be the battle for global influence. This became especially clear from the statement of the American president Barack Obama, subjected to pressure from his partners in the Group of the twenty leadi ...
G20: emerging markets vs. advanced countries Several fronts are being opened on the eve of the summit of the twenty leading economies in the world (the G20) in Seoul. The first front divides the developed countries and the emerging markets. The main dispute among them is something which more and more economists call "currency wars" - the a ...
When China reached full age Reaching full age is a special stage of becoming an adult. Then a person goes out of his parents' guardianship and starts learning the life lessons ... on his own. Sometimes he could listen to the pieces of advice of the tutors but might also decide to prove himself alone, especially if the "adu ...
Beyond G20 commitments The leaders of the G20 countries have succeeded in agreeing a compromise during their summit in Seoul which is trying to take into account the interests of all members. Whether it will succeed will depend on the implementation of all the commitments laid out on 18 pages. A dose of relief brings ...
It is time for changes in the global monetary system For a new monetary system to replace the second Bretton Woods agreement from 1971 called the World Bank Group president Robert Zoellick in an article for the Financial Times, published on the eve of the summit of the twenty leading industrialised countries and emerging markets in Seoul. The main ...
The biggest loser from the currency wars is the eurozone The more one goes in depth into the genesis of the global currency conflict, the more it becomes clear that the main culprit is the US, accompanied by the UK. The chief economist of the pro-European think-tank Centre for European Reform (based in London) and the liberal Carnegie Endowment for In ...
EU-US or US-EU? Humour in supreme diplomacy is not funny. It is usually a way to say something important without putting a focus on it. It is indeed used by the way in occasions when you know it will be appreciated properly. Such, for example, was the case with the joint press conference of the American Secreta ...
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