Discussions at the G20 summit in Brisbane have been dominated by the issues of economic growth and climate change, but leaders have also broached the delicate question of tax evasion. EurActiv France reports .
Leaders from the G20 group of nations agreed Sunday (16 November) to boost flagging global growth, tackle climate change and crack down on tax avoidance. But ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
US President Barack Obama plans to meet with Russian President Vladimir Putin next week, during a stop on his three-country tour in the Asia-Pacific region, senior administration officials quoted by Fox News said.
Commission President José Manuel Barroso said that while the EU was "ridiculed" for its handling of the eurozone crisis he would not criticise the United States for its budget deadlock, as this was a "normal" result of democracy.
Developing countries will not have access to a new system of automatic exchange of tax information agreed in St Petersburg by the world leaders over the weekend due to their lack of administrative efficiency, a decision that was not welcomed by many development experts.
US President Barack Obama faced growing pressure from Russia's Vladimir Putin and other world leaders yesterday (5 September) to decide against launching military strikes in Syria, which many of them fear would hurt the global economy and push up oil prices.
As European Commission President José Manuel Barroso prepares for what could be his last State of the Union speech in Parliament next week, he has exchanged views with MEPs, exuding what participants say was an air of triumphalism over the Commission's handling of the eurozone crisis.
A potential showdown over Syria between US President Barack Obama and Russia's Vladimir Putin could overshadow a two-day meeting of world leaders beginning today (5 September) in St Petersburg initially dedicated to reviving the global economy.
Leaders of the group of the G20 major economies are set to debate sanctions against Syria in a 5-6 September meeting in St Petersburg, with Western nations led by the United States preparing for air strikes in retaliation to a recent chemical attack on civilians.
Russian President Vladimir Putin, speaking ahead of the G8 Summit in Northern Ireland on 17-18 June, said his country would not follow the mistakes of Europe that led to the eurozone crisis. In a wide-ranging interview h e blamed the EU’s "mentality” for endangering the economy and the “moral basics of society”.
Despite having a number of reasons to want the EU to break up, Washington knows that a European meltdown could destabilise the United States. Therefore, keeping the Europeans in a state of long-term unease is acceptable to the United States, says Stratfor .
Europe won support from world leaders yesterday (19 June) for an ambitious but slow-moving overhaul of the eurozone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.
World leaders on Monday urged Europe to resolve the current euro zone crisis that is threatening the world's economy. G20 members want the EU to act faster, after pro-bailout New Democracy's victory in Sunday's Greek election failed to calm the financial markets.
President of the European Commission Jose Manuel Barroso welcomed the election result and pushed Greek leaders to form a government quickly.
World leaders pressured Europe yesterday (18 June) to take ambitious steps to resolve its debt crisis after Sunday’s victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.
The G20, knocked off course by the escalating political crisis in Greece, agreed in principle today (4 November) that the International Monetary Fund could assist Europe's rescue fund, but left specifics to be dealt with in February.
With a Greek economic crisis matched only by its internal political turmoil, leaders from the world's 20 leading nations scrambled yesterday (3 November) in Cannes to insulate themselves from the next most European vulnerable economy, Italy.
There a clear mismatch between G20 meeting agreements and their implementation afterwards, and the new global governance tool could benefit from the EU's experience of the Open Method of Coordination, argues Henning Meyer from the London School of Economics and Political Science.
The world's leading economies pressed European leaders to act decisively to resolve the euro zone's sovereign debt crisis by the next EU summit on Sunday, warning the bloc's indecision was endangering the world economy.
British chancellor George Osborne backed down on one of his key demands that all derivatives trading be immediately covered by new EU rules but won some smaller concessions on controlling a market once described as the "Wild West".
The UK government has found itself isolated in its opposition to draft EU derivatives rules as finance ministers are expected to express their "unanimous" backing to the European Commission's proposal on Tuesday (4 October).
The European Union will push for the adoption of a financial transactions tax at a summit of the world's 20 biggest economies, the G20, in November, European Commission President José Manuel Barroso said on Wednesday (31 August).