The leaders of the eight most industrialized countries have different views on how to ensure recovery of the world economy. The G-8 in Huntsville, Canada the weekend will probably show the direction of meeting the broader group of G-20 meets on Sunday in Toronto, Canada, shortly after the G-8 completed work. Agency notes that expectations for a breakthrough on economic issues the Summit of the G-8 (Group of Eight most industrialized countries) and D-20 (which includes large emerging countries like China and India) in Canada are weak. According to the Wall Street Journal, however, world leaders have converged positions on whether the economic focus should be on growth or on reducing the deficits and debts. “Among the G-8 consensus on a balance between mid-term tightening of fiscal policy and promoting growth, said on Friday a senior official of the administration of the US President Barack Obama. The G-8 and donor groups have promised to make 2015 a total of 7.3 billion dollars to reduce child mortality and maternal in poor countries, transmit dpa, referring to the Canadian Prime Minister Stephen Harper. The eight most developed industrialized countries are committed to allocate $ 5 billion. The rest of the amount promised by countries like New Zealand and Norway, as well as donor groups such as the Foundation of the Bill and Melinda Gates. U.S. President Barack Obama invited 18 African leaders to come to Washington in August to celebrate the 50th anniversary of independence of their countries forward AFP, citing a senior U.S. delegation to the summit of the G-8. Obama will launch in early August a special event to mark the coming of a half century of independence of these former colonies.
The signs of deep discord among participants in the meetings of the G-8 and G-20 of this rate with what the governments should reduce their deficits, touched on Friday the financial markets. Americans warned of the dangers of dual recession, if the parties suddenly start reducing your costs. Leading European economies, especially Germany placed new emphasis on reducing government outlay and expected by some G-20 may adopt a statement on Sunday, to determine an indicative timetable for the size and pace of contraction in government spending. British daily points out that the desire of Canada is the host G-20 proposal to adopt the national deficit to be cut in half by 2013. The U.S. President Barack Obama urged leaders of member countries of G-20 to join efforts to achieve economic growth, saying that world economies are “intrinsically linked with one another.”