Tuesday, November 9, 2010

Dr Singh's could be the voice of reason in G20 cacophony



Prime Minister Manmohan Singh, embarking on his first international visit since United States President Barack Obama's endorsement of India's qualification to sit at the global high table, could as well face the first test of his government's multilateral policies at the G20 summit to be held on Thursday and Friday in Seoul.

Not that the group of 19 nations (the European Union making it 20) is starved of issues.

The United States would like trade surplus nations like Germany to agree to a cutoff on the deficit/surplus.

Germany, on the other hand, finds the US Fed Reserve's recent action of pumping in $600 million dollars into the economy, known as 'quantitative easing', outrageous as it alters the international trade rules in favour of Washington, DC.

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