Leaders of the world's top industrial and developing countries are
starting to arrive in the eastern U.S. city of Pittsburgh for a summit
on the world's financial future. Ahead of the meeting Germany is
warning them not to lose their focus.
German Chancellor Angela
Merkel says the top priority for the Group of 20 summit must be
regulating financial markets that allowed risky behavior to plunge the
world into a deep recession.
Ms. Merkel spoke in Berlin before leaving for the summit that starts Thursday, hosted by U.S. President Barack Obama.
comments reflect tensions among world leaders on the best ways to help
make sure the events that caused the global financial crisis are not
Disagreements remain over when countries should begin
to roll back stimulus measures and over how much control the
international community should have over financial markets within
Leaders are also
expected to work on ways to promote global trade, repair lending
systems and provide financial support to developing countries dealing
with climate change issues.
Several bi-lateral meetings are also
scheduled before the summit officially gets underway, including talks
between U.S. Treasury Secretary Timothy Geithner and Japanese and
Members of the G20 include the United States, Brazil, China, Indonesia, Mexico, France, and Germany.
rest of the members are the European Union, Argentina, Australia,
Britain, Canada, India, Italy, Japan, Russia, Saudi Arabia, South
Africa, South Korea, and Turkey.
Some information for this report was provided by AP and Reuters.