HIGHLIGHTS - World leaders in Italy for summit

Fri Jul 10, 2009 11:39am EDT
 
[-] Text [+]

L'AQUILA, July 10 Reuters) - Following are comments by world leaders on the final day of a summit involving around 30 nations.

For comments from previous days see [ID:nL8570808] and [ID:nL9432800]

CANADA PRIME MINISTER STEPHEN HARPER

"I am not suggesting that any country begin to unwind its economic stimulus measures now. That would clearly be way too premature. I have suggested that those that are seeing the emergence of these structural deficits...have to at least be thinking about how they are going to emerge out of a structural deficit position as the recovery begins to take hold. This may be something we're discussing -- I hope we're discussing -- next year (at the G8 summit) in Muskoka. I'm hoping that by next year in Muskoka that the recovery will be fully under way... Right now we have greater stability. We don't yet have full recovery...We have definite signs the severity of the recession is slowing."

SOUTH AFRICA'S JACOB ZUMA

"It has been really good news -- the good news from the summit -- that the united states said $20 billion on a very specific programme: the issue of agriculture, particularly food security. ..We can't say it's enough, but at least it begins to do very concrete things.We all appreciated what President Obama did"

CANADA PRIME MINISTER STEPHEN HARPER

"The G8 in our judgment remains an important forum. It is a forum of the major developed countries..."

"Obviously we have to develop a wider body that will be more representative...What we had at this forum...I counted, at one point we had a G8, we had a G9, we had a G14 or 15, we had a G18, at one point a G19, another point a G25, and we finally ended with a G28. And of course we have the G20 process going on around the world, which is now up to G24 last time I counted. So I think our challenge for the year ahead will be to use our presidency to bring some coherence to this as we move forward."

RUSSIAN PRESIDENT DMITRY MEDVEDEV

"The resumption of global economic growth was the key topic. The dominating opinion was that this could be achieved only through joint efforts.

Everyone at the summit said it is not not time to relax, it is not clear whether we are at the bottom and how the crisis will develop. It was remarkable that the U.S. backed strengthening the role of the U.N. Before that leaders of this state did not speak too good about this respected organisation".

US PRESIDENT BARACK OBAMA

"We have a 100 million people who dropped into further dire poverty as a result of this recession, we estimate that a billion people are hungry around the globe. So wealthier nations have a moral obligation as well as a national security interest in providing assistance."  Continued...

 
Actors Vincent Curatola (L), Steven Van Zandt (C) and Tony Sirico from "The Sopranos" arrive at the 14th annual Screen Actors Guild Awards in Los Angeles January 27, 2008. REUTERS/Mario Anzuoni
Wall St meets "The Sopranos"

Details of an alleged insider trading ring read like the script of a mobster drama, full of coded nicknames, disposable cell phones and paranoia about informants. But in the end, all of the precautions were for naught.  Full Article 

More News

G8 pledges $20 billion in farm aid to poor nations
Friday, 10 Jul 2009 01:44pm EDT 
HIGHLIGHTS - World leaders in Italy for G8, G5 summit
Thursday, 9 Jul 2009 03:03pm EDT 
HIGHLIGHTS - World leaders in Italy for G8 summit
Thursday, 9 Jul 2009 04:17am EDT 

Featured Broker sponsored link

REUTERS/Chip East
Insider sales not a sell signal this time

Corporate bosses are likely to sell more of their companies' stock through the end of the year, but that does not mean stock prices have reached a peak.  Full Article