Italian PM Berlusconi Defends G8 In Face Of Rising G20
Sunday November 16th, 2008 / 18h26
ROME (AFP)--Italian Prime Minister Silvio Berlusconi, who takes over the Group of Eight's rotating presidency next year, insisted Sunday that the group of industrialized nations remains relevant despite the rise of the Group of 20. Berlusconi defended the G8 one day after leaders from the G20, which groups wealthy nations and emerging economies, met at a summit in Washington aimed at tackling the global financial turmoil. "From January 1, we will have the presidency of the G8, which was not eclipsed by the G20," Berlusconi, who attended Saturday's G20 summit, said in a conference call with political associates gathered in Verona, Italy. "In reality, certain problems must be discussed by countries that have full-fledged democracies as other countries, which are part of the G20, are still on the path to democracy," he said. The G8 groups the U.S., Canada, Japan, the U.K., France, Germany, Russia and Italy. The G20 includes the G8 nations plus the European Union as a bloc, as well as Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea and Turkey. The conservative Italian newspaper La Stampa, in an article headlined "Ciao Old Europe," wrote Sunday that by being "too present in the traditional" G8, Europe "risks having little weight in the new G20." Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=DZiV64yOGS7nj6q35VrYhw%3D%3D. You can use this link on the day this article is published and the following day.
Les Bourses européennes ont clôturé en ordre dispersé vendredi mais sur une note globalement négative pour la troisième séance d'affilée, dans des échanges peu animés en l'absence...
Wall Street a clôturé en forte baisse jeudi, après la publication de chiffres de l'emploi pires que prévu et qui font douter du scénario d'une reprise rapide. La clôture a été...
La Bourse de Tokyo a fini en baisse de 0,61% vendredi, au lendemain de chiffres de l'emploi américain venus raviver les inquiétudes des investisseurs quant à l'état de l'économie...
Un consortium emmené par le britannique BP et comprenant le chinois CNPC a remporté le contrat d'exploitation du plus important champ pétrolifère d'Irak, a annoncé le ministre...
