G20 Summit spokesperson: Normal to have tension before summits

22:14, November 09, 2010      

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G20 Seoul Summit spokesperson, Sohn Jie-Ae, on Tuesday saw as normal tension among G20 members on the eve of the Seoul Summit, saying that the Summit would provide a platform for global leaders to bring problems to the table and try to resolve them in some way.

"There is tension now. But there was tension even in June with the Toronto Summit. There were a lot of talks about the economic stimulus and different types of policies," Sohn told Xinhua in an interview.

One of the reasons that there might be sort of tension, she said, was that at the brink of the Seoul summit a lot of leaders felt the need to express their views as they came to the summit.

And at the summit, people all expect something to happen, and want some sort of conclusions and progress to be made, she said.

The Seoul Summit, expected to start on Thursday, was overshadowed by talks of so-called currency war and a further round of U.S. monetary easing.

Sohn said the Seoul Summit was good because it brought on so many issues such as the currency issue, which could drag on for a very long time.

"What is actually very bad for global economy is uncertainties that could follow if the currency issues could drag on for a very long time... The global attention is so focused on this issue and you are forced to take this issue and try to resolve it in some way," she said.

Sohn maintained that it was better to get these issues resolved quickly, rather than to leave the issues to be simmering and fought between individual countries for a long time.

Seoul Summit could provide a good opportunity for global leaders to bring problems to the table without fears of them escalating into war, which is the beauty of multilateral negotiations, she said.

The G20 group, one of the most important economic bodies, is to hold its fifth summit in Seoul, South Korea, since the outbreak of the global financial crisis in 2008.

Source: Xinhua


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