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Thursday, April 2, 2009

G20 Summit Starts amid Differences

London, Apr 2.- Leaders of the Group of 20 (G-20) and other countries started Thursday in this capital a summit amid discrepancies over ways out of the current world financial crisis.

The Wednesday meeting was preceded by tense negotiations that apparently did not get positions closer between the United States and Great Britain on one side and Germany and France the other.

The continuation of differences was confirmed today to the BBC by British Business Secretary Peter Maldenson.

The most controversial points are the concession of new incentives boosted by Washington against some European countries. France and Germany are pushing for immediate adoption of financial control measures.

Further issues are the level of resources of the International Monetary Fund (IMF), tax regulation, and measures to apply to the global trade, Mandelson stated.

The event has been challenged by sizeable anti-capitalist rallies strategically positioned throughout London.

Brazil's President Luiz Inacio Lula da Silva, Mexico's Felipe Calderon, and Argentina's Cristina Fernandez represent Latin America in this forum. Fernandez had to cancel her Friday activities in London, to attend in Buenos Aires the burial of former President Raul Alfonsin, deceased yesterday.

The rest of countries attending the summit are Russia, United States, France, United Kingdom, Germany, Italy, Canada, Japan, the European Union, Argentina, Australia, Brazil, South Korea, China, India, Indonesia, Mexico, Saudi Arabia, South Africa and Turkey.

Spain, Czech Republic and Netherlands attend the forum as guest, as well as representatives from the IMF, the World Bank, the African Union, Association of South East Asian Nations, and the New Partnership for Africa's Development.
(Prensa Latina) 

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