British man captured while fighting with Ukraine    Far-right candidate takes shock lead in Romania presidential election    Indians risk it all to chase the American Dream    Ireland hardens illegal immigration response    Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh    Do cigarettes belong in a museum?    Saudi Arabia joins international partnership initiative to boost hydrogen economy    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Saudi delegation participates in the 7th U20 Deans Summit in Brazil    Al-Jubeir discusses with EU officials enhancing bilateral cooperation    GASTAT: Non-oil exports up 22.8% in September 2024    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Saudi Arabia allows licensed flour milling companies to export flour    Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UK's Brown urges Europe to coordinate before G20
Published in Saudi Press Agency on 21 - 02 - 2009


British Prime Minister Gordon
Brown wants European nations to improve coordination of their
economic support plans ahead of the G20 London summit, his
spokesman said on Saturday, according to Reuters.
Brown meets German Chancellor Angela Merkel and other
European leaders in Berlin on Sunday to foster a
consensual approach ahead of the G20 on April 2 when world
leaders meet to discuss how to tackle the global downturn.
Brown wrote to European leaders this week setting out areas
where he thought they could take action before the summit.
"The EU should be using its influence to build an
international consensus behind the necessary action that the
international community has got to take," the spokesman told
Reuters.
"We need to continue to provide fiscal stimulus to our
national economies and ensure those are co-ordinated."
The spokesman said the third area proposed by Brown for
European co-operation was financial regulation, where there are
differences of opinion about how far-reaching changes should be.
Brown launched a prospectus for the G20 this week in which
he urged more action to support economies, improve regulation,
conclude stalled trade talks and reform international financial
institutions to give more say to developing nations.
Europe will have a strong voice at the G20 with current EU
presidency holders Czech Republic joining Britain, France,
Germany, Italy, the Netherlands, Spain and the EU Commission.
Some European countries have criticised Britain over the
fall in sterling, which they say gives British exporters an
unfair advantage at a time of shrinking global demand.
There have also been concerns over a rise in protectionism
in response to the downturn -- France has come under fire for
helping its car industry and Britain has bailed out several of
its largest banks.
Leading politicians in Germany and France have said
Britain's fiscal stimulus efforts -- specifically a cut in sales
tax -- were not thought through properly.
"We've always said that countries need to make their own
decisions, but it's important that we talk about the action we
take and we co-ordinate our responses," Brown's spokesman said.


Clic here to read the story from its source.