US president Barack Obama and Indian Prime Minister Manmohan Singh have agreed to work together for strengthening of resilience of global economy. Both the leaders have shown their commitment to work for a better tomorrow for the world economy to face the euro zone economic shocked held recently.
According to sources, two leaders agreed on the importance of steps to strengthen the resilience of the global economy in response to persistent risks in the Eurozone and elsewhere and on focusing on measures to boost global growth. The matter was discussed during Obama’s telephonic talk with Manmohan Singh held last day.
During the talk, both the leaders also discussed in details about the forthcoming G-20 summit going to be held on June 18-19 in Los Cabos, Mexico. The summit is of significant as it will be focused on ongoing crisis in euro zone and both leaders agreed to made the summit successful for a better economic world.
Obama also spoke separately Wednesday with European Council President Van Rompuy and Mexican President Felipe Calderon to discuss the economic situation in Europe as well as preparations for Los Cabos summit.
It is noted that the Eurozone exists as an economic and monetary union (EMU) of 17 European Union (EU) member states that have adopted the euro as their common currency and sole legal tender.
Its member states comprise Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
(With inputs from IANS)
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