Dare and Care

President George W. Bush is hosting an international summit for the G20 on 15 November with the goal to avoid financial crises in the future by working together with the EU on more stable national financial systems. Industrialized nations as well as emerging countries have been invited to attend .
The Group of 20 include Argentina, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the European Union and the United States. This group represents about two thirds of the world’s population and 90 percent of the world economy. “For this meeting to be a success we must have ideas from around the world”, said Bush.
He and President Sarkozy agreed on the fact that protectionism would only lead into a catastrophe and that they should continue the policies of open markets.
According to White House Press Secretary Dana Perino we cannot expect any concrete solutions or decisions from this upcoming summit which is in fact only one of a series of further meetings. Perino said the goal of the G20 meeting is “to start identifying what the underlying causes” and that this first summit should give the heads of governments the opportunity to work out a plan of steps that could be taken in the future.

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