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Australia's Finance Minister Wayne Swan arrives prior to the G20 Finance Ministers meeting at a hotel near Horsham, in southern England March 13, 2009. [Xinhua/Reuters Photo]
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As the host of the G20 London Summit, British Prime Minister has been working hard to encourage G20 countries to reach agreement over the above-mentioned issues all the time. Recently, he visited America and tried to get support from the American government, but he almost gained nothing. This has cast shadow over the upcoming London Summit.
Though Germany and France have reached a consensus to insist that next month's G20 Summit should focus on tougher global financial regulations and rejected US calls for European countries to spend more on supporting economic growth, the two big European states are worried that the priority of the London Summit would be shifted from "reforming international financial system" to "coordinating to stimulate global economy."
Last month, the British government publicized a report with the title of "Road to the London Summit," saying that three commitments should be made: First, to take whatever action is necessary to stabilize financial markets; Second, to reform and strengthen the global financial and economic system to restore confidence and trust; and Third, to put the global economy on track for sustainable growth.