The summit of G20 began in Toronto with a view to discussing the international financial recovery and the plan of bank taxing. The Prime Minister of Canada, Stephen Harper welcomed the leaders of G20 in a hotel of Toronto where the summit took place. In the summit meeting, both developed and developing countries participated.
According to some European officials, the leaders of these 20 developped and developing countries (G20) are expected to determine the goals for the reduction in the deficits while Canada which is the host country, estimates that the deficits could be reduced by half until 2013. Angela Merkel said that despite the different opinions expressed during the dinner, they finally reached a consensus, accepting the suggestion of Canada.
In a press conference, then President of the European Commission, Mr. Baroso, underlined that “the fact that G20 are ready to accept the goals is encouraging”.
The suggestion for a reduction in the financial deficits by half until 2013 came from the Prime Minister of Canada, Stephen Harper, while the President of the European Union assured in the same presss conference that “there is no contradiction between the control of the financial deficits and the support of the development”. Angela Merkel added that :”I think that the fact that all industrial countries accepted this suggestion is a great success”.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
