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Posts Tagged ‘G-20 summit’

David Cameron Snubs Argentina President Over Falklands Letter

Posted by Ram Kumar Shrestha on June 20, 2012

Cristina Fernandez De Kirchner

President de Kirchner tried to give David Cameron a letter over the Falklands

David Cameron has refused to accept a letter from the Argentinian president over the country’s claim to the Falkland Islands.

The prime minister spoke to Cristina Fernandez de Kirchner before the first session of the G20 summit on Tuesday, telling her that she should “respect the views” of the islanders who are holding a referendum on control.

Ms de Kirchner attempted to hand Mr Cameron a package marked “UN – Malvinas” but the Prime Minister refused to accept it.

This year marks the 30th anniversary of the Falklands conflict which resulted in a task force being sent to the south Atlantic to successfully reclaim the islands after the Argentinian military junta had invaded the British-held territory.

Britain has rejected calls made by Ms Kirchner to the UN decolonisation committee last week for direct talks to discuss the future of the disputed territory in the south Atlantic.

Downing Street aides said the Prime Minister sought out Ms Kirchner to make Britain’s position on the Falklands clear.

Mr Cameron said: “I am not proposing a full discussion now on the Falklands but I hope you have noted that they are holding a referendum and you should respect their views. Read the rest of this entry »

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Best And Worst Countries For Women: Poll Ranks G20 Countries (PHOTOS)

Posted by Ram Kumar Shrestha on June 15, 2012

The Huffington Post  |  By  Share on Google+

  
 When it comes to one’s opportunities as a woman, location really matters. A country’s policies, economics and social conventions dictate a woman’s access to education, gainful employment, healthcare, eligible mates and personal safety. So which countries offer their female citizens the best quality of life?

new poll, conducted by Trust Law, a Thomson Reuters legal news service, set out to answer that question. 370 gender and development experts were surveyed about their perceptions of each of the Group of 20 (G20) countries — minus the EU which has member status in the G20 but encompasses multiple countries. The nations were then ranked from best to worst for women based on these results. Sadly, the United States didn’t even make it into the top five.

The rankings were based on six different categories, reported TrustLaw. These were: Read the rest of this entry »

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Why Would China Want to Help Bail Out the Euro Zone?

Posted by Ram Kumar Shrestha on November 2, 2011

By LEO CENDROWICZ / BRUSSELS

A Chinese paramilitary officer stands in front of the European Union flag outside the office of the E.U. delegation to China in Beijing on Oct. 28, 2011 Ng Han Guan / AP

In years to come, economists and historians might hark back to this week as the moment the balance of world power tipped toward China. The signs have been there for while, but the symbolism is especially potent now, in the few days between yet another euro-zone crisis summit, held in Brussels on Oct. 26, and the Nov. 3-4 G-20 summit in Cannes, France. The reason for choosing this as the watershed is crudely financial: at the Brussels summit, European leaders made a previously unthinkable appeal for China to use its $3.2 trillion currency reserves to help dig the euro out of its debt hole. And while the euro zone is anxiously awaiting an answer, China — inscrutable about its intentions — is milking the moment.

China is being targeted as a potential investor as part of a complicated scheme agreed to at the summit to leverage Europe’s bailout fund up to €1 trillion ($1.4 trillion), along with other potential outsiders like Russia, Brazil, Middle Eastern countries and the International Monetary Fund. On Oct. 27, French President Nicolas Sarkozy, who is hosting the Cannes G-20 gathering, phoned Chinese President Hu Jintao to seek backing. “If the Chinese, who have 60% of global reserves, decide to invest in the euro instead of the dollar, why refuse?” Sarkozy said after his call. “Why would we not accept that the Chinese have confidence in the euro zone and deposit a part of their surpluses in our funds or in our banks?”(See “Europe’s Debt Crisis Agreement: The Good, the Bad, the Ugly.”)

China can certainly spare the €100 billion ($140 billion) reportedly being discussed among officials. The real question is why China would want to plant it in a low-growth region like the euro zone. The bond-leverage scheme has already  Read the rest of this entry »

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