Kelsey Walker
4/3/09
4:23 PM
This week 20 leaders from 20 nations came together in London to discuss concerns surrounding the global economic crisis. Many points were address and agreed on however, many points where shot down. They all agreed to raise $1 trillion dollars for developing countries in hopes that that will start a gradual up move toward the global economy as a hole. Also it will boost the International Monetary Fund. The promises of loans fell short because of the inablitiy for Europe and the U.S. to agree whether to act now or wait and see how it all play out. The countries were focusing more on pushing for issues that were going on in other countries rather than focusing on the issues in their own countries. However, they all felt that the conference was successful because it has shown that this problem must be solved globally. Mr. Brown, who organized the meeting said, "This is the day the world came together to fight against the global recession. Our message today is clear and certain: we believe that global problems require global solutions.” The meeting did ease concerns about repeating history such as The Great Depression however, they all agreed that it was going to be a long process because it is hard to get 20 countries together and them all agree on everything because each contries has its own quirks. They did agree on some steps such as reinforcements in the International Monetary Fund. They all agreed on a new global rules concerning trade and govern pay and bonuses and bankers. It seemed however, that more goals were set than ways to solve the problems. We will just have to wait and see. More meeting will be needed and global unity will be a main focus as each country leaves keeping to its promises.
http://www.nytimes.com/2009/04/03/world/europe/03summit.html?_r=1&ref=world
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