G20 Summit – not mission impossible

Need to lay down real, solid solutions for global growth
ATTENDANCE to the G20 Summit in Cannes was a must for all its members – rich countries with high GDP, national product and world trade participation — to address the difficulties currently faced by the international financial system, but this should not be exclusive for the Euro Zone countries because the issue encompasses a broad spectrum.

Many world economies, from the East to the West, have been grappling with budget deficits, debts and inflation. Some nations like Greece, Ireland, Portugal, Spain and Italy, along with other major countries in West Europe, are facing enormous challenges.

Since the problem affects the entire world, the solution must be universal and other countries should also exert efforts to prevent further collapse of the international economy, considering the producing nations with healthy economies need the consuming markets.

Undoubtedly, the only way out of the quagmire is for the industrialized nations and the emerging economies to come together at the most critical time in history to lay down real, well-organized, solid and transparent solutions for global growth. This is not ‘mission impossible’, it only requires responsible, long-term and genuine solidarity!Email: Labeed.abdal@gmail.com
By: Labeed Abdal

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