By : gonbadwetland At : Mon 6 Apr 2009
Summit of the work started at the center of the twenty (Excel) in the area (Docklands) in London, amid tight security. Was welcomed by British Prime Minister Gordon Brown, President of the United States Barack Obama and other leaders of the Excel Center where the conference began the work of leaders breakfast the day after the conference started.
The Obama has urged European governments to spend more to enliven the economy, however, that Germany and France have renewed their insistence on the need to tighten controls on financial markets.
The Brown and Obama are confident that the summit will reach agreement on how strong the face of the worst crisis the global economy Thelatiniat since the last century.
Examines the leaders at the summit how to reinvigorate the world economy, and how to strengthen the international financial system to prevent future recurrence of the current crisis.
Although there are differences in viewpoints between some key players, there are signs indicating near to reach an agreement.
The kinder to the surface of the summit, such as a sharp disagreement between Germany and France and the United States and Britain from the other hand, since the first camp, demanding the imposition of laws and more stringent regulations on the international financial system, while the second camp believes that government spending would address the crisis.
The French President Nicolas Sarkozy has threatened to withdraw from the summit in the event of failure to leave results.
But the BBC's Stephanie Flanders Economic Affairs says that the conferences are about to reach an agreement.
Our correspondent adds that the differences of a financial nature, not ideological.
It is expected to be one of the main points of difference how much money should be pumped at the International Monetary Fund to help the countries most affected by the current crisis.
Protests
According to London police that more than five thousand protesters took part in the protests that started on Wednesday, which continued until late into the night.
Police said one person died during the demonstrations.
Has been marked by protests in the calm, except for some isolated incidents in which protesters clashed with police officers.
Police said they arrested 88 demonstrators and wounded a policeman and one was injured and was taken to the hospital.
The economic crisis had worsened since the last summit of the leaders of the twenty in Washington in November last year.
According to the expectations of the International Monetary Fund and the World Bank that the world economy will shrink this year for the first time in several decades.
It is expected that the conferees decided to impose stricter controls on hedge funds and other investment mechanisms.
Projections also indicate that the conferees will agree on measures that would target the tax havens.
Despite calls for increased spending on the rescue plans, it seems unlikely that the conferees made specific decisions in this regard because of the opposition of France and Germany to this trend.
The Group of Twenty nations include the strongest economies in the world, which accounted for 90 percent of global economic output and 80 percent of world trade and two thirds of the population of the ground.
