Tag Archives: growth

WORLD ECONOMIC SUMMIT OPENS IN DAVOS

The annual gathering of the world’s most influential has began in Davos, Switzerland. It is thought there will be around 50 world leaders attending, including Russian President Dmitri Medvedev, British Prime Minister David Cameron, German Chancellor Angela Merkel, and Italian Prime Minister Mario Monti. There will also be leaders from the media, business, and academia.

In the run up to the conference the founder of the World Economic Forum, Professor Klaus Schwab, has said the mood this year is more optimistic than last, but has warned that the global economy could still collapse if more is not done to promote growth.

On the agenda will be the continuing eurozone crisis, the US Fiscal Cliff, weak economic growth, soaring national debts, and the latest stimulus program in Japan.

The World Economic Forum seeks to promote a global governance platform to address the global issues that national governments alone can not tackle.

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EuroNews

Camp David: G8 Leaders Hope Greece Will Remain in the Eurozone

The G8 leaders met at Camp David before the Nato Summit in Chicago. The G8 is made up of the leaders of: America, Canada, Britain, France, Russia, Germany, Italy and Japan.
The financial crisis was at the centre of talks.

This was the first time newly elected French President Francois Hollande and President Obama have met. The two men are said to have agreed on the need to concentrate on growth, seen as Obama’s approval of Hollande’s policy, of moving away from austerity, towards stimulating the economy with more borrowed money.

Obama’s endorsement of Hollande has left Germany’s Angela Merkel more isolated in Europe