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Sarkozy warns over French and German support - World Politics, World - The Independent - 0 views

  • The French President Nicolas Sarkozy said today neither France nor Germany was satisfied with current proposals for an accord at this week's G20 summit and warned that he would not accept any "false compromises".
  • There is strong pressure for an agreement but divisions have shown up between the United States and Britain on one side and continental Europeans over the balance between extra financial stimulus and the need for regulation. Sarkozy did not explicitly repeat a threat to walk out of the gathering but said he would not be party to any attempt to sidestep firm proposals for change. "I will not associate myself with a summit that would end with a communique made of false compromises that would not tackle the issues that concern us," he told Europe 1 radio in an interview.
Argos Media

Russia Keeps Troops in Georgia, Defying Deal - NYTimes.com - 0 views

  • The official also said that European leaders had been reluctant to confront Russia over the cease-fire plan. Instead, they have appeared willing to accept the cessation of open fighting and the withdrawal of Russian forces from other positions as significant steps.
  • The Bush administration declared that Russia was not in compliance with the cease-fire. The Obama administration, which has been exploring options for cooperation with the Kremlin, has not yet taken a clear public position.
  • Georgian officials have not been publicly critical of the United States. They have made clear, however, that their own ability to get Russia to comply with the agreement is essentially nonexistent.
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  • Asked what tools were available to Georgia, Shota Utiashvili, who heads the analysis section of Georgia’s Interior Ministry, answered with a single word: “None.”
  • The Ossetian government does not allow European monitors on its territory, and it denied access to a Times reporter seeking to cross the boundary; for these reasons, the Georgian numbers and assertions could not be independently confirmed.
Argos Media

G20: Gordon Brown brokers massive financial aid deal for global economy | World news | ... - 0 views

  • World leaders yesterday agreed on a $1.1 trillion injection of financial aid into the global economy,
  • The sprawling deal set out in a nine-page communique hammered out over two days of talks in London also contains tougher-than-expected measures to tighten financial regulation, including a clampdown on tax havens, the final part of the deal to be struck, after an impassioned call for compromise by Barack Obama.
  • British government officials lost their battle to include a commitment to spend a substantial share of the economic stimulus on low-carbon recovery projects.
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  • Vague low-carbon language and climate change negotiations in Copenhagen in December were relegated to two paragraphs at the communique's end.
  • Some critics also pointed out that the summit failed to produce a co-ordinated plan to purge the global banking system of billions of dollars of toxic assets, and suggested that regulation of the financial industry should have gone further.
  • Brown said that the existing agreed fiscal stimulus will amount to $5tn by 2010, and the measures will raise world output by 4% by the end of next year.
  • The prime minister also won agreement from other G20 world leaders that the International Monetary Fund will monitor the existing stimulus,
  • Overall, the resources of the IMF will be trebled from $250bn to $700bn, following the lifting by the US of years of opposition. In a sign of the shift in world power, China agreed to provide $40bn of the new loans given to the IMF, with more to come from Saudi Arabia.
  • At the centre of the deal was a six-point plan:• Reform of the global banking system, with controls on hedge funds, better accounting standards, tighter rules for credit rating agencies, and immediate naming-and-shaming of tax havens that fail to share information.• A global common approach to dealing with toxic assets that impair the ability of banks to lend.• A $1.1tn package to supplement the $5tn stimulus to the global economy by individual countries. The $1.1tn will allow the IMF, the World Bank and others to increase lending to vulnerable countries. There will be a tenfold increase to $250bn in the IMF's facility allowing members to borrow from other countries' foreign currency reserves.• More power for leading developing countries within the IMF and World Bank, to end the stranglehold of the US and Europe on their top jobs.• $200bn of trade finance over two years to help reverse the steepest decline in world trade since 1945, with cash from a range of public and private sources.• A pledge that the fiscal stimulus, including the sale of gold by the IMF due to raise $6bn, will give help to the poorest nations and create green jobs.
  • Nicolas Sarkozy said the summit meant that the era of secrecy by banks was over; "great progress" had been made, he said, and the page had been turned on the economic model which had dominated since Bretton Woods in 1944 created the world's institutional framework."Since Bretton Woods, the world has been living on a financial model, the Anglo-Saxon model. It's not my place to criticise it, it has its advantages [but] clearly today a page has been turned," he said.
  • The summit's biggest loser may have been the fight against climate change. Diplomatic sources said China led the opposition to green language in the final communique. David Norman, the WWF campaigns director, claimed that the summit had been "a huge missed opportunity".
Argos Media

Obama's Visit to Ankara: Turkey Trip Offers Pitfalls and Opportunities - SPIEGEL ONLINE... - 0 views

  • It was only Barack Obama's telephone diplomacy -- which came in the form of a call to Turkish Prime Minister Recep Tayyip Erdogan -- that solved the problem. In the end, the two agreed that Turkey would not blackball Fogh Rasmussen in return for reportedly gaining an important seat in the alliance and a pledge to start procedures to shut down the Danish television station Roj TV, which Turkey accuses of having ties to the Kurdish militant group PKK.
  • Turkey is a very important strategic partner for the US, a fact which already led presidents Clinton and Bush to give vocal support to Ankara's ambitions to join the EU.
  • Another fact is that Turkey's army -- which alone has 1,200 soldiers stationed in Afghanistan -- is the second largest among those of NATO's member states.
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  • And, then, there is the Incirlik Air Base in southern Turkey, which serves as logistics hub for missions in Iraq and Afghanistan. There's also the fact that Turkey's proximity to the central-Asian countries that are rich in raw materials makes it an important transit hub in the energy supply.
  • Then, of course, there's the issue of Iran. Ankara nurtures strong ties with the country, meaning that Turkey could play a role in facilitating new diplomatic overtures between Washington and Tehran.
  • Turkey's government has already helped to organize talks between high-level officials in Pakistan and Afghanistan and to negotiate a cease-fire in the Gaza conflict.
  • According to poll figures, more than half of all Turks think Obama is the most trustworthy foreign statesman
  • America's reputation has suffered major damage in Turkey, particularly as a result of its disastrous invasion of Iraq. When Obama was elected president, polls indicated that only 9 percent of Turkey's population approved of Washington's policies. America's efforts to aid Turkey's ambition to become part of the EU have impressed few Turks, particularly since progress has been so sluggish.
  • "Obama should treat Turkey as more than a Muslim country," says Soner Cagaptay, an expert on Turkey at the Washington Institute for Near East Policy. As he sees it, it was a good idea for Obama to visit Turkey right after attending meetings with NATO and EU representatives as a way of underscoring the country's close ties with the West.
  • last year, Swiss mediators helped Turkish and Armenian diplomats hammer out a comprehensive agreement that would envision a historic coming to terms with the events of 1915 -- as well as to clear the path for the resumption of diplomatic relations between Turkey and Armenia.
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