Wednesday, April 1, 2009

The G20 Summit

The event of the week is the G20 summit in London on April 2nd. 19 of the world's largest national economies, plus the European Union (EU) gathers to the summit to take any means necessary in order to revive the economy that is in Global Financial Crisis. The countries are divided on ways to lift their nations from economic misery. The US calls for more stimulus spending and the European countries especially Germany and France
mainly focus on creating new regulations for the Financial System disregarding stimulus packages. Despite these differences, many expect G-20 leaders to make cooperation.

Many people other than protesters.. Thousands have joined together in central London to protest against the G-20 summit. Banks in the Financial district were the main target. Protestors pushed against police barricades outside the Bank of England, shouting "Abolish Money!". At least 8 people were arrested. Some bank employees swapped their suits for jeans not to be noticed by protestors.