G-20 World Leaders Meet In London At The ExCel Centre
LONDON, UNITED KINGDOM - The G-20 World Leaders came together today to discuss the financial crisis and to try and create a draft Comunique that all of the countries can agree upon. The G-20 London Summit is being held at the ExCel Centre, which is in the Docklands area of London, and close to Canary Wharf. One of the stumbling issues has been the degree to which financial regulations will be jointly approved as a means to reigning in some of the financial scams that have been able to exist freely, and at an international level.
Both French President Nicolas Sarkozy and German Chancellor Angela Merkel are taking a forward looking approach towards financial viability by proposing strong global regulations that would prevent the kinds of injustices that are currently ongoing in the financial markets from continuing further. In reality, both Merkel and Sarkozy are looking at what will be needed to create a viable Planet for humanity for the future.
U.S. President Barack Obama touched down on Tuesday on Air Force One in the United Kingdom and brought with him America's enthusiasm for positive change towards creating a sustainable economy for the future. In a news conference yesterday with U.K. Prime Minister Gordon Brown, President Obama thanked the Prime Minister for his huge effort in organizing the 2009 G-20 London Summit, where Brown brilliantly met the challenge to coordinate the involvement of all of the G-20 Delegates in such a short period of time.
This morning at the ExCel Centre, the G-20 Leaders arrived and posed for a group photograph (see article photo). For many, it was great to see all of the World Leaders standing for the family photograph and being part of a significant historic event. President Obama is motivated to bring change at today's Summit, but he faces, along with the U.K.'s Prime Minister Brown, a great deal of pressure from legacy financiers who would like to keep the machine that failed going.
In reality, it is Obama's vision that creates the future for America and it is more probably his ideas that will see the U.S. through. The current financial crisis was brought about by a lack of enforced regulations, poor financial acumen, a short-term perspective, inadequate risk management, greed, corruption, and a very naive understanding of business itself. To fix the world's economy requires a cooperative international effort.
What will guide the G-20 World Leaders through the resolution of the global financial crisis is a pure Planet saving approach, backed by financial regulations that promote long-term investment in Earth based sustainability efforts for the continuity of humanity. It goes without saying that each and every individual standing in the photograph at the ExCel Centre is a part of a shared humanity.
It is important that each Leader stands in the shoes of the other to see their perspective in order to reach a human solution for all. The environmental economy is the paradigm shift that will create huge economic growth and solve the financial crisis, particularly if there is an equitable distribution of Earth restorative efforts amongst all countries, and a universal set of environmental regulations that are enforced.