Word: summit
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...managed to avoid missteps during the highly public summit. He said that the G-20 sent "a robust message" by addressing issues such as the importance of fiscal policy and increased regulation of the markets - arguments he was making prior to the London conference. Japan also took the lead in an international effort to shore up the International Monetary Fund with an earlier pledge to provide the organization with up to $100 billion. The G-20 upped the contribution to $500 billion to help emerging countries that are in dire economic straits. "The IMF's fiscal foundation has been strengthened...
...summit, Japan backed calls by the U.S. for greater fiscal spending to combat the recession - moves opposed by leaders of several European countries including France and Germany, who fear that unchecked government spending will lead to rampant inflation. But Aso dismissed German Chancellor Merkel's caution about fiscal stimulus before heading to London. "The fact that he picked a fight with Merkel plays very well - like he's one of the big boys," says Gerald Curtis, a professor at Columbia University who has written extensively about Japanese politics. "He looks like a leader. Even though people are nervous about increasing...
Barack Obama arrived in Strasbourg on Friday for this weekend's NATO summit enthusing about the military organization, which he described at a joint press conference with French President Nicolas Sarkozy as "the most successful alliance in modern history." That it may have been. But Obama's praise contrasts starkly with the scathing assessment of the state of NATO, now 60 years old, by European military analysts, who say that the gap in military capability between the United States and Europe has grown so big that in some places battlefield communication between NATO forces and their US allies has become...
...This weekend's meeting of NATO's 28 leaders - 21 of whom are from Europe - is dominated by the issue of Afghanistan, where NATO commands the international military coalition, or ISAF. The war has injected a sense of immediacy and unity into the summit. Leaders are weighing whether to increase their commitments to the fight, in the wake of Obama's new strategy for Afghanistan and Pakistan, which includes deploying 17,000 more U.S. troops to Afghanistan this year. While some E.U. countries have said they will send more troops to the theater, several of them have stipulated that...
...Obama arrived in Strasbourg there was little discussion about divisions between the U.S. and Europe. After his packed schedule at London's G20 summit, his day in Strasbourg seemed almost relaxed, and included an hour at a youth town-hall meeting, where he answered questions about issues such as climate change and African poverty, before meeting with German Chancellor Angela Merkel; the NATO summit itself is scheduled as a three-hour meeting on Saturday morning. At the press conference with Sarkozy, Obama limited himself to saying that "the more capability we see here in Europe the happier the United States...