http://www5.irna.ir/En/View/FullStory/?NewsId=414422&IdLanguage=3
*Obama calls for urgent G20 action on economic crisis* *London*, April 1, IRNA *US President Barack Obama* Wednesday urged the worlds richest nations to urgently work together to tackle the economic downturn and forget their occasional differences. Speaking on the eve of the G20 summit in London, the US president warned that if countries turn away from each other they could risk a repeat of the Great Depression which followed the Wall Street crash of 1929. We must not miss an opportunity to address a crisis that knows no boundaries, we have a responsibility to co-ordinate our action and find our common ground, not our occasional differences, he said in calling for urgent action at a joint news conference with *British Prime Minister Gordon Brown*. Obama said that he was aware that the G20 nations were appropriately pursuing their own approach and were not going to agree on every point. He said he came to London on his first overseas visit to put forward ideas but insisted that he also came to listen, not to lecture. All of the Group of 20 states, which account for 85 per cent of the world economy, had a responsibility to tackle the crisis with a sense of urgency, the US does not intend to act alone, he said. His comments come amid reported divisions among the leaders of the wealthiest countries on further measures to stimulate the economy. French President Nicolas Sarkozy warned in a radio interview that current proposals for a regulatory overhaul to help prevent crises in future satisfy neither Germany nor France. Sarkozy was due to hold a press conference in London with German Chancellor Angela Merkel later Wednesday to spell out their demands for tougher regulation of financial companies and tax havens, with both determined to shift the emphasis away from further fiscal stimulus efforts. Thousands of demonstrators were also mounting a series of protests to ensure that the G20 tackle reforms to the financial capitalist system and do not neglect the 172 countries not represented at the summit, including the worlds most impoverished nations. Brown insisted that the world leaders arriving in London were within a few hours of agreeing a global plan for economic recovery and reform," but both he and Obama declined to give a timeframe for how long the economic crisis would last, saying recovery would depend on how swiftly countries took action. The option of doing nothing is not available to us, the British premier warned. We have seen from past crises that if people fail to take decisive action at the beginning, then you risk a longer recession, he said, while playing down suggestions that Sarkozy might walk out of the summit. 2220**345**1420 End News / IRNA / News Code 414422 [Non-text portions of this message have been removed] ------------------------------------ *************************************************************************** Berdikusi dg Santun & Elegan, dg Semangat Persahabatan. Menuju Indonesia yg Lebih Baik, in Commonality & Shared Destiny. http://groups.yahoo.com/group/ppiindia *************************************************************************** __________________________________________________________________________ Mohon Perhatian: 1. Harap tdk. memposting/reply yg menyinggung SARA (kecuali sbg otokritik) 2. Pesan yg akan direply harap dihapus, kecuali yg akan dikomentari. 3. Reading only, http://ppi-india.blogspot.com 4. Satu email perhari: [email protected] 5. No-email/web only: [email protected] 6. kembali menerima email: [email protected] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/ppiindia/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/ppiindia/join (Yahoo! ID required) <*> To change settings via email: mailto:[email protected] mailto:[email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
