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メキシコのロスカボスで開かれた世界主要20カ国会議で、メルケル首相は構造改革と財政赤字策規制を、オバマ大統領は経済成長の刺激のための公共投資の促進を主張
El G-20 busca un mensaje unánime en favor del crecimiento
Obama se declara "animado" tras tratar con Merkel "un cambio de enfoque"
Los problemas de Europa centran toda la atención
The G-20 seeks a unified message for growth
Obama declares himself "encouraged" after dealing with Merkel "a shift in focus"
The problems of the attention focus Europe
A. PIPE / A. BOLAÑOS (E. SPECIAL) Los Cabos JUN 19, 2012 - 01:52 CET
Obama declares himself "encouraged" after dealing with Merkel "a shift in focus"
The problems of the attention focus Europe
A. PIPE / A. BOLAÑOS (E. SPECIAL) Los Cabos JUN 19, 2012 - 01:52 CET
Amid a growing sense of alarm in case of international markets on Europe and the bleak economic outlook worldwide, try the top leaders at the G-20 to send a message of optimism through a political commitment to seek growth, restore stability and prosperity back to the citizens. In the center of that effort, Barack Obama and Angela Merkel, who account for two economic bets currently in dispute, met on Monday in Los Cabos to try to unify their priorities.
more informationBrussels studying ways to prevent the spread to rescue Spanish debtCherry: "Spain is a solvent and recognizing their efforts will end"The IMF strives to capture the G-20 plus anti-crisis fundsThe rescue stigmatized Spain
The meeting between U.S. President and Chancellor of Germany, held a surprise before the start of the plenary of the G-20, symbolizes the pulse, for several months, is being waged in Europe and lately Obama has been incorporated, beset by electoral calendar. Merkel is the champion at any cost of structural reforms and financial discipline. Obama has become the leading global advocate for the recipe that he has applied at home: public investment to stimulate growth. These two visions yesterday met face to face in a hotel with the promising name of La Esperanza to conclude an agreement that the summit becomes a platform for economic revitalization. The Action Plan of Los Cabos, the document being negotiated for the final statement, aims to collect this purpose.
"We will work with our European partners and with all countries to ensure that we help the economy grow, the situation stabilizes, confidence returns to markets and, most importantly, to give people the opportunity to leave forward, "said the U.S. president just before his meeting with Merkel.
After the meeting, U.S. officials reported that German Chancellor shared the need to "take all necessary measures" to ensure the stability of the euro and overcome the crisis of confidence in the euro area. The decision on what those measures shall be taken by European leaders themselves, but the Treasury undersecretary, Lael Brainard, suggested that Merkel may have relaxed its position and that can be glimpsed on the horizon, an agreement to adopt immediate measures to stimulate economic activity and at the same time, fiscal integration in Europe. The White House spokesman, Jay Carney, said Obama had been "encouraged" by the decisions that Europeans are expected to announce, and the very Brainard said there has been "a shift in focus for growth."
In his remarks, Obama said that "the world is very concerned about the slowdown is occurring" and predicted that this summit will be "an important step in a series of steps that will be required to improve global economic outlook" .
Indeed, there are expectations of a reduction in activity in all major economies in the world, including some of the most dynamic emerging powers like India and Brazil. The cause of Obama's pro-growth is therefore in this forum new allies in countries that observe how the crisis in the developed world into recession drags for them have terrifying effects.
Europe, the epicenter of the problem
Felipe Calderón Barack Obama / Alfredo Guerrero (Reuters)
But the epicenter of the problems is Europe, and that's where we need to find the consensus required. The results of the elections in Greece, celebrated by all those present at this meeting in Mexico, appear to be a starting point to find the solution, but only that. It takes a lot more. Among the steps referred to Obama, the most urgent action by European leaders to return, as far as possible, the credibility of the euro. In the ranks of the U.S. president is, since coming to power, his French counterpart, Francois Hollande, and Italian Prime Minister, Mario Monti. The mission is still to convince Merkel.
That was on Monday the task of Obama, who continued his mediating with a meeting at night with all the euro countries present in Los Cabos, including Spain. The strategy, as described by U.S. officials, is to offer German Chancellor enough international support more than what the G-20-so you can comfortably defend to their constituents the need to offset the austerity policies, endorsed at the summit, with other growth. In other words, it is to create sufficient pressure on Merkel that it can not resist further support the euro work, not just with words.
Making obvious that pressure, the World Bank President Robert Zoellick, present at the summit, said Monday: "We are waiting for Europe to tell us what they will do."
The answer is not simple and may be as imminent as intended. Merkel calls in exchange for giving a series of tradeoffs in terms of European control of national finances that not all countries accept. In particular, France. Hollande resists a surrender of sovereignty that gives more power to Germany. Everyone will have to make concessions. Among those expected from the French president, his renunciation of Eurobonds.
Growth, an aspiration
British Prime Minister, David Cameron, whose country does not belong to the euro zone but fears the effects of destabilization, called on all participants in this summit, not just Europeans, to engage in a major international rescue plan. "We can not afford the world's central banks to stand by if we are to achieve the growth we need," Cameron said in a veiled reference to the European Central Bank.
The European Council President, Herman Van Rompuy, stressed the same message in a press conference before the start of the summit. "Growth and employment are at the center of discussions at the G-20, we expect a commitment out of here resounding" he said. The EU representative sailed as he could for the obvious differences between Germany and other European partners. "There is no contradiction between stability and fiscal stimulus measures or the banking integration," remained. Initiatives that handles Brussels to boost demand are, in any case, short range: to mobilize the European Investment Bank and money from the Community budget no use to finance infrastructure projects and R & D. And in any case, increase public spending.
Growth is an aspiration of both citizens under a long austerity, and politicians trying to win elections. First on the list is Obama, whose reelection prospects are worrying if the economic picture is not cleared before November. But it is extremely difficult for the U.S., which has been based on increased exports much of its recovery from the last two years, growing without getting prior to the stability of the euro zone, which represents 20% of American foreign market.
more informationBrussels studying ways to prevent the spread to rescue Spanish debtCherry: "Spain is a solvent and recognizing their efforts will end"The IMF strives to capture the G-20 plus anti-crisis fundsThe rescue stigmatized Spain
The meeting between U.S. President and Chancellor of Germany, held a surprise before the start of the plenary of the G-20, symbolizes the pulse, for several months, is being waged in Europe and lately Obama has been incorporated, beset by electoral calendar. Merkel is the champion at any cost of structural reforms and financial discipline. Obama has become the leading global advocate for the recipe that he has applied at home: public investment to stimulate growth. These two visions yesterday met face to face in a hotel with the promising name of La Esperanza to conclude an agreement that the summit becomes a platform for economic revitalization. The Action Plan of Los Cabos, the document being negotiated for the final statement, aims to collect this purpose.
"We will work with our European partners and with all countries to ensure that we help the economy grow, the situation stabilizes, confidence returns to markets and, most importantly, to give people the opportunity to leave forward, "said the U.S. president just before his meeting with Merkel.
After the meeting, U.S. officials reported that German Chancellor shared the need to "take all necessary measures" to ensure the stability of the euro and overcome the crisis of confidence in the euro area. The decision on what those measures shall be taken by European leaders themselves, but the Treasury undersecretary, Lael Brainard, suggested that Merkel may have relaxed its position and that can be glimpsed on the horizon, an agreement to adopt immediate measures to stimulate economic activity and at the same time, fiscal integration in Europe. The White House spokesman, Jay Carney, said Obama had been "encouraged" by the decisions that Europeans are expected to announce, and the very Brainard said there has been "a shift in focus for growth."
In his remarks, Obama said that "the world is very concerned about the slowdown is occurring" and predicted that this summit will be "an important step in a series of steps that will be required to improve global economic outlook" .
Indeed, there are expectations of a reduction in activity in all major economies in the world, including some of the most dynamic emerging powers like India and Brazil. The cause of Obama's pro-growth is therefore in this forum new allies in countries that observe how the crisis in the developed world into recession drags for them have terrifying effects.
Europe, the epicenter of the problem
Felipe Calderón Barack Obama / Alfredo Guerrero (Reuters)
But the epicenter of the problems is Europe, and that's where we need to find the consensus required. The results of the elections in Greece, celebrated by all those present at this meeting in Mexico, appear to be a starting point to find the solution, but only that. It takes a lot more. Among the steps referred to Obama, the most urgent action by European leaders to return, as far as possible, the credibility of the euro. In the ranks of the U.S. president is, since coming to power, his French counterpart, Francois Hollande, and Italian Prime Minister, Mario Monti. The mission is still to convince Merkel.
That was on Monday the task of Obama, who continued his mediating with a meeting at night with all the euro countries present in Los Cabos, including Spain. The strategy, as described by U.S. officials, is to offer German Chancellor enough international support more than what the G-20-so you can comfortably defend to their constituents the need to offset the austerity policies, endorsed at the summit, with other growth. In other words, it is to create sufficient pressure on Merkel that it can not resist further support the euro work, not just with words.
Making obvious that pressure, the World Bank President Robert Zoellick, present at the summit, said Monday: "We are waiting for Europe to tell us what they will do."
The answer is not simple and may be as imminent as intended. Merkel calls in exchange for giving a series of tradeoffs in terms of European control of national finances that not all countries accept. In particular, France. Hollande resists a surrender of sovereignty that gives more power to Germany. Everyone will have to make concessions. Among those expected from the French president, his renunciation of Eurobonds.
Growth, an aspiration
British Prime Minister, David Cameron, whose country does not belong to the euro zone but fears the effects of destabilization, called on all participants in this summit, not just Europeans, to engage in a major international rescue plan. "We can not afford the world's central banks to stand by if we are to achieve the growth we need," Cameron said in a veiled reference to the European Central Bank.
The European Council President, Herman Van Rompuy, stressed the same message in a press conference before the start of the summit. "Growth and employment are at the center of discussions at the G-20, we expect a commitment out of here resounding" he said. The EU representative sailed as he could for the obvious differences between Germany and other European partners. "There is no contradiction between stability and fiscal stimulus measures or the banking integration," remained. Initiatives that handles Brussels to boost demand are, in any case, short range: to mobilize the European Investment Bank and money from the Community budget no use to finance infrastructure projects and R & D. And in any case, increase public spending.
Growth is an aspiration of both citizens under a long austerity, and politicians trying to win elections. First on the list is Obama, whose reelection prospects are worrying if the economic picture is not cleared before November. But it is extremely difficult for the U.S., which has been based on increased exports much of its recovery from the last two years, growing without getting prior to the stability of the euro zone, which represents 20% of American foreign market.
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