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World leaders start gathering for G20 summit

by amyjudd | November 14, 2008 at 02:50 pm

529 views | 28 Recommendations | 9 comments

World leaders have started gathering for the G20 Summit in Washington DC this weekend, in their latest attempt to solve the global financial crisis.

The summit will look at developing long-term ideas to deal with the global financial crisis before the world descends more into a recession.

See a companion article about Fred Harrison's views.

Leaders from the G20, comprising the world's leading nations plus key emerging economies such as Brazil, India and China, are to meet over dinner on Friday evening before holding several meetings on Saturday.

Al Jazeera's Nick Spicer in Washington said it may be difficult for the G20 to forge agreements when the US and Europe, not to mention countries such as Brazil and India, have opposing views on regulation and how to deal with the crisis.

"It is hard to come up with a consensus with a lame-duck president in office
who cannot sign off on a new world financial architecture for the American people when he is soon to leave," he said.

The G20 meet comes after George Bush, the US president, defended free-market principles in a speech in New York on Thursday and said further summits would be needed to overcome the crisis.

All leaders meeting this weekend want to address the current financial crisis and to think of some concrete ideas that could really help all struggling nations.
It is also important to understand the cause of the crisis, but not get too wrapped up in economies that are going to fail anyway, such as some of the car manufacturers, and focus instead on the bigger picture.
This weekend is going to hopefully provide a lot of insight into the current worldwide economic crisis.

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Rhonda J Mangus

at 15:14 on November 14th, 2008

Thanks for this story, Amy!

SOLARLIFE

at 16:52 on November 14th, 2008

Today Moscow and Brussels EU decided in the morning at Nice for a second meeting with Obama. Bush has no trouble now. Probably no results to expect the last days.

Paschen

at 19:39 on November 14th, 2008

We still have a very long way to go, however it seems we are running out of time and wont be able to reach the finish line.

panzerlawyer

at 20:00 on November 14th, 2008

I like this story its good stuff.

ismaielmism

at 20:42 on November 14th, 2008

I am saccesful with this join and THANS

ismaielmism has contributed a photo to this story.

Amitjha

at 03:04 on November 15th, 2008

What these poloiticians are going ti achive, except frugal party.i am sure , even in these bad situation they will not search holistic solution but accuse each other and try to bargain each as buch as possible.

angelica_77777777

at 09:07 on November 15th, 2008

Good Story Amy! I too am trying to track the news on this topic! I am somewhat happy to see that it's now the G-20 instead of the G-8!

Milieunet

at 11:37 on November 20th, 2008

Ok, they ended with some deal, but nothing good. No plan.

We have to wait till Barack Obama is in the Oval Office at the White House

http://www.nowpublic.com/world/president-elect-barack-obama-about-global-climate-change-governors-global-climate-summit

RelacionArte...Business and Arts

at 12:43 on November 25th, 2008

This is a photo of Felipe Calderon, President of Mexico.
This photography was taken during the forum of the not governmental organization: "Mexico Unido Contra La Delincuencia" (MUCD)
We are an mexican agency that covers all kind of events by request of our clients, offering in addition the sercvicio of public relations.
www.flickr.com/photos/relacionarte
relacionarte@www.com

RelacionArte...Business and Arts has contributed a photo to this story.