G20 leaders gather in London

G20 leaders gather in London
# 01 April 2009 08:42 (UTC +04:00)
Baku - APA-Economics. World leaders are gathering in London to discuss ways to resolve the worst financial crisis since the 1930s, BBC reports.
The G20 summit takes place amid tight security and police warnings of "unprecedented" levels of protest.
Workers in London’s financial district have been told to dress down and stay home to avoid provoking demonstrators.
President Barack Obama has arrived in London on his first visit to Europe since taking office, with hopes high that he can forge a new global deal.
He will begin a round of meetings with other world leaders, including the UK Prime Minister Gordon Brown, Russian President Dmitry Medvedev, and the Chinese leader, Hu Jintao.
Detailed bargaining is expected to take place at these face-to-face meetings, although the two-day summit officially begins later when leaders from the G20, which includes the world’s most powerful economies, attend a dinner reception with the Queen at Buckingham Palace.
But expectations that the summit will come up with a definitive plan to stimulate the world economy are receding as rifts emerge between Europe and the US and UK.
On Tuesday, the French Finance Minister Christine Lagarde said that France would walk away from the meeting if its demands for stricter financial regulation were not met.