2011 G-20 Cannes summit
| G-20 Summit on Financial Markets and the World Economy Sommet du G20 2011 |
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| Host country | France |
| Date | 3-4 November 2011 |
| Venue(s) | Palais des Festivals Cannes, France |
| Participants | G-20 (+ Ethiopia, Singapore, Spain, United Arab Emirates, Equatorial Guinea), AU, NEPAD, CCASG |
| Follows | Seoul summit, 2010 |
| Precedes | Mexico summit, 2012 |
| Website | g20-g8.com |
The 2011 G-20 Cannes Summit is the sixth meeting of the G-20 heads of government in a series of on-going discussions about financial markets and the world economy.[1]
The G-20 forum is the avenue for the G20 economies to discuss, plan and monitor international economic cooperation.[2] The summit resulted in little progress on the issues under discussion, although there was agreement to allow increased use of Capital controls as a defence against international speculators. [3] [4]
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Agenda
Host Nicolas Sarkozy considers his plans and expectations for the upcoming summit to be ambitious, but realistic. He expects that international monetary system reform will involve working closely with the IMF Managing Director.[5]
The summit leaders are expected to tackle several mid- and long-term policy issues, many of which remained unresolved at the end of the previous summits in Toronto and Seoul. The agenda has evolved over time:
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Though the summit has intended to discuss reforms to the global monetary system and to rein in financial speculation and capital flows, a surprising decision by Greece to hold a referendum caused a new change to the discussions[8][9] as the Eurozone Financial Stability Facility took precedence over other issues.[10]
The final agenda for the summit has not been determined, but each leader of the G-20 could bring his or her own agenda to the summit.[11] Brazil, led by President Dilma Rousseff and Finance Minister Guido Mantega, was expected to call on the eurozone countries to stop ditherting amid concerns of a global economic slowdown that would hurt emerging economies. Mantega said that: "The Europeans always take too long to find solutions. And when they come they come late."[12] British Prime Minister David Cameron was expected to urge a stronger outline for the bailout package that led to the Greek referendum, but also refused to offer more direct funds for the Greek bailout. His comments were somewhat controverisal as the U.K. is not a part of the eurozone.[13]
Attendance
The prospective participants at the Cannes summit include leaders and representatives of the core members of the G-20 major economies, which comprises 19 countries and the European Union which is represented by its two governing bodies, the European Council and the European Commission.[14] Representatives of other nations and regional organizations are expected to take part in the summit.
Protests
Since the 2008 G20 summit, protests have occurred at every summit. At the summit protesters donned Robin Hood caps and demanded a tax on international financial transactions in order to provide aid to poor countries instead of catering to banking and other financial institutions.[41] They also chanted slogans in opposition to "corporate greed" and supported a counter-G20 summit, "People First, Not Finance", organised by labour unions and NGOs such as Greenpeace and Oxfam. Though police reported 5,500 were part of the protests, the organisers estimated the number of protesters at 12,000. The riot police and helicopters limited the scope of the protests to a neighbourhood in the east of Nice, which was to host the alternative summit as well as the protests. Both Cannes and Nice also tightened security, with 12,000 police personnel being deployed.[42]
See also
References
- ^ "Legacies of the G20 Seoul Summit," Choson Ilbo (ROK). 13 November 2010; retrieved 13 February 2011
- ^ Parliament (UK): Townsend, Ian. "G20 & the November 2010 Seoul summit" (SN/EP/5028), 19 October 2010, retrieved 2011-04-07; excerpt, "Today, we designated the G-20 as the premier forum for our international economic cooperation" citing "Pittsburgh G20 Leaders’ summit communiqué," ¶50 September 29 2009, retrieved 2011-04-07; excerpt, "Today, we designated the G-20 as the premier forum for our international economic cooperation. We have asked our representatives to report back at the next meeting with recommendations on how to maximize the effectiveness of our cooperation. We agreed to have a G-20 Summit in Canada in June 2010, and in Korea in November 2010. We expect to meet annually thereafter, and will meet in France in 2011.
- ^ http://www.setimes.com/cocoon/setimes/xhtml/en_GB/features/setimes/features/2011/11/05/feature-02
- ^ Kevin Gallagher (2010-11-29). "The IMF must heed G20 decisions". The Guardian. http://www.guardian.co.uk/commentisfree/cifamerica/2011/nov/29/imf-must-heed-g20-decisions?fb=optOut. Retrieved 2011-12-15.
- ^ "Sarkozy, un nouveau président du G20 «ambitieux mais réaliste»," Le Soir (Belgium). 12 November 2010; retrieved 13 February 2011
- ^ G20 Seoul, G20/2010 projected agenda; retrieved Dec 2010
- ^ G20/2011 priorities; retrieved 12 February 2011
- ^ Kyriakidou, Dina (2011-10-31). "Greek PM on brink as world tells Europe to fix crisis". Reuters. http://www.reuters.com/article/2011/11/03/us-g-idUSTRE7A20E920111103. Retrieved 2011-11-04.
- ^ "G20 Cannes Summit heats up early on Greek debt issue". News.xinhuanet.com. 2010-06-22. http://news.xinhuanet.com/english2010/world/2011-11/03/c_131226703.htm. Retrieved 2011-11-05.
- ^ Larry Elliott, economics editor. "G20 meeting: eurozone debt crisis takes centre stage | Business". guardian.co.uk. http://www.guardian.co.uk/business/2011/nov/01/g20-eurozone-debt-crisis. Retrieved 2011-11-04.
- ^ Wolverson, Roya. "The G20's Twenty Agendas," Backgrounder (Council on Foreign Relations). 24 June 2010.
- ^ Tom Phillips in Rio de Janeiro. "Brazil's Dilma Rousseff will not mince her words over European dithering | World news". The Guardian. http://www.guardian.co.uk/world/2011/nov/02/brazil-to-tell-europe-to-get-its-act-together. Retrieved 2011-11-04.
- ^ Patrick Wintour, political editor. "G20 summit: Cameron will urge EU to flesh out bailout deal | Business". guardian.co.uk. http://www.guardian.co.uk/business/2011/nov/02/g20-summit-david-cameron-bailout. Retrieved 2011-11-04.
- ^ Rieffel, Lex. "Regional Voices in Global Governance: Looking to 2010 (Part IV)," Brookings Institution (US). 27 March 2009, retrieved 2011-04-06; "G20 members," Government of Canada, retrieved 2011-04-06.
- ^ Argentina, G20/2011 official site; retrieved 12 February 2011
- ^ Australia, G20/2011 official site; retrieved 12 February 2011
- ^ Brazil, G20/2011 official site; retrieved 12 February 2011
- ^ Canada, G20/2011 official site; retrieved 12 February 2011
- ^ China, G20/2011 official site; retrieved 12 February 2011
- ^ France, G20/2011 official site; retrieved 12 February 2011
- ^ Germany, G20/2011 official site; retrieved 12 February 2011
- ^ India, G20/2011 official site; retrieved 12 February 2011
- ^ Indonesia, G20/2011 official site; retrieved 12 February 2011
- ^ Italy, G20/2011 official site; retrieved 12 February 2011
- ^ Japan, G20/2011 official site; retrieved 12 February 2011
- ^ Mexico, G20/2011 official site; retrieved 12 February 2011
- ^ Russia, G20/2011 official site; retrieved 12 February 2011.
- ^ Saudi Arabia, G20/2011 official site; retrieved 12 February 2011
- ^ South Africa, G20/2011 official site; retrieved 12 February 2011
- ^ South Korea, G20/2011 official site; retrieved 12 February 2011
- ^ Turkey, G20/2011 official site; retrieved 12 February 2011
- ^ United Kingdom, G20/2011 official site; retrieved 12 February 2011
- ^ G20/2011 official site; retrieved 12 February 2011
- ^ a b European Commission, G20/2011 official site; retrieved 12 February 2011.
- ^ a b c d e f g Secretariat General of the French Presidency of the G20 and G8, Invitation to Non-Members of the G20 to the G20 Summit of Cannes on November 3 and 4, 2011," 12 February 2011; retrieved 12 February 2011
- ^ a b c d e G-20, Home>Links>Institutional members; retrieved 12 February 2011
- ^ Jessop-Kolesnikov, Sonia. "As G-8 Meets, Asian Leaders Seek a Bigger Role," New York Times (US). 25 May 2011; excerpt, The Global Governance Group, conceptualized in April 2009 at the G-20 London Summit meeting, includes 28 countries: Bahamas, Bahrain, Barbados, Botswana, Brunei, Chile, Costa Rica, Guatemala, Jamaica, Kuwait, Liechtenstein, Malaysia, Monaco, Montenegro, New Zealand, Panama, Peru, Philippines, Qatar, Rwanda, San Marino, Senegal, Singapore, Slovenia, Switzerland, United Arab Emirates, Uruguay and Vietnam"; retrieved 2011-05-26
- ^ a b c d G20-G8 France 2011, English>What is the G20?>Who are its members?; retrieved 13 February 2011
- ^ Fontevecchia, Augustino. "IMF Appoints Lagarde To Fix A Disgraced Institution," Forbes (US). 28 June 2011.
- ^ "Ethiopia - Meles Zenawi quits NEPAD leadership post - PANA reports". Nazret.com. http://nazret.com/blog/index.php/2011/01/31/ethiopia-meles-zenawi-quits-nepad-leadership-post-pana-reports. Retrieved 2011-11-04.
- ^ "G20 2011: Protests Ahead Of Summit In Cannes, France (PHOTOS)". Huffingtonpost.com. 2008-11-15. http://www.huffingtonpost.com/2011/11/02/g20-protests-2011_n_1071613.html?ref=world. Retrieved 2011-11-04.
- ^ Angelique Chrisafis in Nice. "Anti-G20 protests confined to Nice as police seal off 'fortress Cannes' | World news". The Guardian. http://www.guardian.co.uk/world/2011/nov/01/anti-g20-protests-confined-nice. Retrieved 2011-11-04.
