Key Economic News to Watch This Week: June 18
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Two key events will hog the headlines this week: G20 leaders meet on Monday in Los Cabos for a two day summit, where the eurozone will be top on the agenda, overshadowed by mounting fears about Spain and Italy. On Wednesday, the United Nations Conference on Sustainable Development, or Rio+20, opens for a three-day conference.
Monday, June 18
Two key events will hog the headlines this week: G20 leaders meet on Monday in Los Cabos for a two day summit, where the eurozone will be top on the agenda, overshadowed by mounting fears about Spain and Italy. On Wednesday, the United Nations Conference on Sustainable Development, or Rio+20, opens for a three-day conference.
Monday, June 18
Leaders of the G20 meet in Los Cabos, Mexico for a two day summit. European leaders are under pressure to contain its spiralling debt crisis, and will likely be the top agenda for the meeting. The G20 nations represent more than 80 percent of the world’s total economic output, and its leaders are expected to deliver pledges to stimulate growth.
Talks over Iran’s nuclear programme resume in Moscow. The last two rounds of talks in Istanbul and Baghdad failed to achieve any real progress as Tehran refused to compromise on its “non-negotiable” right to uranium enrichment.
Aung San Suu Kyi, Myanmar’s opposition and pro-democracy leader, visits Ireland as she continues her first visit to Europe for 24 years. On Thursday she is due to address both houses of the UK parliament at Westminster Hall, London.
Related Story: International Sanctions May Ruin Myanmar’s Opportunity For Change: Joseph Stiglitz
Tuesday, June 19
Friends of Europe host a conference on ASEAN’s internal development and the region’s future role on a global stage. Key speakers at the conference include EU Trade Commissioner Karel De Gucht , and Rajat Nag, managing director-general of the Asian Development Bank.
Wednesday, June 20
The three day Rio+20 Summit on Sustainable Development starts in Rio de Janeiro. The conference will focus on two main themes: A green economy in the context of sustainable development and poverty eradication; and the institutional framework for sustainable development. This year’s summit marks the 20th anniversary of the 1992 UN Convention on Environment and Development in Rio de Janeiro, which led to the 1997 Kyoto protocol – the world’s only legally binding treaty obliging wealthy nations to cut their greenhouse emissions.
Related Story: Countdown to Rio+20: Will Sustainable Development Become An Impossible Dream?
Related Story: Countdown To Rio+20 – Going Green From The Grassroots: Elinor Ostrom
Thursday, June 21
The St Petersburg International Economic Forum takes place in Russia.
Friday, June 22
European finance ministers hold further talks on the debt crisis at a meeting of the EU Economic and Financial Affairs Council in Luxembourg.
The leaders of Italy, France, German and Spain meet in Rome for a curial four-way summit. The meeting takes place a week before the European Union holds its twice-yearly summit on June 28, and Italian Prime Minister Mario Monti hopes to mediate between the French and German positions on how to boost economic growth in the faltering eurozone.
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Related Story: Can Hollande Change the Balance of Power in Europe? : Zaki Laidi
