Pessimism pervades as G20 leaders show sharp split

A physically powerful sense of cynicism shrouded the start of a financial top of rich and emerging economy Thursday, with President Barack Obama and man world leaders arriving in Seoul stridently divided over money and trade policies.

The Group of 20 summits, held for the first time in Asia, has become the showpiece of international efforts to revitalize the global economy and prevent future monetary meltdowns.

Breakdown in Seoul could have severe penalty. The risk is that countries would try to keep their currencies artificially low to give their exporters a gung ho edge in global markets. That could lead to a unhelpful trade war. Countries strength throws up barriers to imports a repeat of policies that worsen the Great Depression.

Full story

You have read this article Asia / Barack Obama / war with the title Pessimism pervades as G20 leaders show sharp split. You can bookmark this page URL https://roxpolitix.blogspot.com/2010/11/pessimism-pervades-as-g20-leaders-show.html. Thanks!