G20 summit meeting news today in Cannes nov 3 2011

G20 summit meeting news today in Cannes nov 3 2011 ; On the eve of the G20 summit in Cannes, France and Germany had to do damage control on its domestic front. This is because of Greece's decision to call for a referendum on the very deal reached recently to help cut its debt and avoid a default.

EU leaders have given Greece an ultimatum - either go along with the new debt plan, or face being booted out from the Union. This comes against a backdrop of economic uncertainty and lingering questions about European sovereign debt affecting other member states.

The G20 summit is taking place in the French Riviera city of Cannes amid tight security. The city centre is in a virtual lock down, with retail shops mostly closed for the week.

World leaders of the top industrialised nations, alongside emerging economies, have two days to tackle a long list of issues concerning the global economy.

Lucky Giulia inherited her mother's looks: Obama pokes fun at Sarko at G20
There is not much to smile about at a world economic summit struggling to solve the worsening Eurozone crisis. But President Barack Obama did his best today as he came out with a one-liner poking fun at Nicolas Sarkozy’s looks. Soon after arriving at the G20 summit in Cannes, on the French Riviera, Mr Obama congratulated the French President on fathering a daughter, Giulia, with his former supermodel wife, Carla Bruni. Read More ...

Canada to 'punch above its weight' at G20 summit: observers
Canada will yield some influence at this week's G20 summit, in France, because of our post-recession economic prowess, observers say. The Harper government has long been touting its economic record. It is the only G-7 country, the government says, to have recovered more than all of the jobs and output lost during the recession. Read More ...

David Cameron says Britain ready to boost IMF funding
David Cameron said Britain would consider boosting its funding to the International Monetary Fund, saying the "world is in crisis", But the Prime Minister insisted, as he arrived for the crunch summit of the Group of 20 leading economies in Cannes, that the UK will not support direct IMF investment in a eurozone bailout fund. Read More ...

G20 summit dominated by euro crisis
LEADERS of the world's most powerful economies have begun a two-day G20 summit dominated by a debt crisis that could force Greece from the eurozone. Host President Nicolas Sarkozy of France welcomed heads of state of governments from the world's 20 largest economies - including Prime Minister Julia Gillard - at the Palais des Festivals in the French Riviera resort of Cannes. Read More ... For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: