Thursday, September 5, 2013

Obama faced growing pressure from world leaders on Thursday not to launch military strikes in Syria at a summit on the global economy that was hijacked by the conflict

    Thursday, September 05, 2013   No comments


The Group of 20 (G20) developed and developing economies met in St. Petersburg to try and forge a united front on how to revive economic growth, but failed to heal divisions over a U.S. plan to wind down a program to stimulate the world economy.
The club that accounts for two thirds of the world's population and 90 percent of its output looked as divided over therapy for the economy as it is over possible military action following a chemical weapons attack in Syria.

Obama arrived in Russia's former imperial capital with a showdown looming at a dinner hosted by President Vladimir Putin, with a debate on Syria the main course on the menu.
Obama wore a stiff smile as he approached Putin and grasped his hand. Putin also wore a businesslike expression and it was only when they turned to pose for photographers that Obama broke into a broader grin. There was no clutching of arms or hugs.
The first round at the summit went to Putin, as China, the European Union, the BRICS emerging economies and Pope Francis - in a letter - warned of the dangers of military intervention without the approval of the U.N. Security Council.
"Military action would have a negative impact on the global economy, especially on the oil price - it will cause a hike in the oil price," Chinese Vice Finance Minister Zhu Guangyao said.
The BRICS - Brazil, Russia, India, China and South Africa - echoed that remark, and the Pope, who leads the world's 1.2 billion Roman Catholics, urged the G20 leaders to "lay aside the futile pursuit of a military solution".
European Union leaders described the August 21 attack near Damascus, which killed up to 1,400 people, as "abhorrent" but said: "There is no military solution to the Syrian conflict."
 

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