Entr'acte: G20 And The Common Grounds

Canada is hosting today summits of G20 and G8 groups of leading states, to be held in Huntsville Ontario, a resort town about 2 hours north of Toronto.

The Groups meet every year to discuss key issues in the global economy.

Every year also many protestors march in big rallies, demanding that the groups can do more to fight poverty.

Last year there were violent groups intended to disrupt the summit, seeking to highlight range of issues including global poverty, w omen's and labors' rights.

This year Canada budgeted $1 Billion for security.

This summit will be under the title " Recovery and New Beginning".

Key topics to be discussed during the summit include the United Nations Millennium Development Goals (MDGs), maternal, newborn and child health, food security, aid to Africa, and accountability of international forums including the G8 itself.

As they describe themselves, the Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

Members are:
South Africa, Canada, Mexico, USA, Argentina, Brazil, China, Japan, South Korea, India, Indonesia, Saudi Arabia, European Union, Germany, Russia, Turkey, United Kingdom and Australia.

In addition to these 20 members, the following forums and institutions, as represented by their respective chief executive officers, participate in meetings of the G-20:
The Managing Director of the International Monetary Fund, the Chairman of the International Monetary Fund, the President of the World Bank, International Monetary and Financial Committee, the Chairman of the Development Committee.

The G-20 Summit was created as a response both to the financial crisis of 2007–2010 and to a growing recognition that key emerging countries were not adequately included in the core of global economic discussion and governance. The G-20 Summits of heads of state or government were held in addition to the G-20 Meetings of Finance Ministers and Central Bank Governors who continued to meet to prepare the Heads Summits and implement their decisions.

However, and as usual. we see the leaders spell out their differences prior the summit.
Each country has different views of reforms.

USA is most worried that a series of deep budget cuts announced by European countries may delay global recovery.
Eu insist they have Common Grounds

The best expression used every year by the Groups is "We have common Grounds"

I do not really understand this expression... What is Common ... and on what Grounds.
Or ... Where are these Grounds?

Brazil and Turkey voted no to Iran sanctions against USA, Europe, Russia and China.

China and Japan are not good on any terms.

Indonesia has its own Tsunami problems.

Canada is too shy to say no to anything.

Saudi Arabia is too pressed with its domestic and regional issues not to mention the growing threats of terrorism inside the country.