Winners and losers
21.09.2009
Anti-G20 demo in London earlier this year. Photo: www.flickr.com/photos/solarider
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US: From 24–26 September, Pittsburgh, Pennsylvania, will be the site of the G-20 summit, where finance ministers and central bank governors from 19 countries are meeting to discuss key issues in the global economy.
One hot topic of the summit will be bankers’ pay. Leaders from the EU in particular are keen to establish controls on bonuses, and to emphasize long-term performance and gains, rather than rewarding risk-taking.
The G-20 was created ten years ago as a response to the financial crises of the 1990s and to give emerging economies a voice in global economic discussions. (The EU, which is represented by the rotating EU presidency and the European Central Bank, is the 20th member of the G-20.)
Thousands of demonstrators will take to the streets during the summit. Protests have been organized against the meeting itself, against corporate greed and globalization, but also against the war in Afghanistan and the lack of US policies for fighting climate change.
The first march was held the weekend before the summit, when about 400 people protested job losses and rising unemployment in the US. "It's important to show leaders of finance and government that people will no longer tolerate them using the excuse of the economic crisis to enrich themselves," John Parker, a member of the Bail Out the People Movement, told the Pittsburgh Post-Gazette newspaper."People will no longer tolerate leaders using the excuse of the economic crisis to enrich themselves"
(Veranstaltungs)Ort
Gipfeltreffen
Schlüsselfragen
Thema
sehr daran interessiert
das Hauptaugenmerk richten auf
langfristig
Leistungsbilanz
Gewinne
Schwellenländer
auf die Straße gehen
Gier der Unternehmen
Ausrede
sich bereichern
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