TIGblogs - saurav raj pant

The upcoming G-20 Cannes Summit in November 3-4, 2011 is already taking the most public anticipation and significant for Euro zone. Nicolas Sarkozy expecting this summit to be ambitious, but realistic turnover in the Euro zone Politics and Economy. In this summit leaders are expected to deal with several mid-long-term policy issues, many of which remained unsettled in the previous summits in Toronto and Seoul. Topmost, the E.U role is significant for tie-up global economic agenda and successful transformation of Robin Hood Tax Campaign. The agenda has evolved over the time.
2010 Projected summit Goals
• Ensuring global economic recovery
• Frame Work for strong, sustainable and balanced global growth.
• Strengthening the international financial regulatory system
• Modernizing the international financial institutions
• Global financial safety nets
• Development issues

2011: Priorities of the French Presidency
• Coordinating economic policies and reducing global macroeconomic imbalances
• Strengthening financial regulation
• Reforming the International Monetary System
• Improving global Governance
• Working on behalf of development
Participants at the Canes Summit include leaders and representatives of the core member of the G-20 major economies and the European Union which is represented by its two governing bodies, the European Council and the European Commission.
Civil Society to puss Financial Transaction Tax( FTT) at G20
The global alliance , the largest coalition ever seen to introduce the International Financial Transaction Tax(FTT) representing the 16 out of G-20 countries and more than 200 million people worldwide. On 22 Jun, 2011 GDA campaigners performed the Global Day of Action on the Financial Transaction Tax (FTT) with a view to pressurize the European Council on 23-24 June, 2011 making them alert and stick on it on upcoming G-20 November. "The G-20 must now address the global economic crisis into an opportunity to help the world's poorest. A tiny tax on the banks could raise hundreds of billions needed for those around the world feeling the effects of crisis they did the least to create" Jenny Ricks , Head of Campaigns at Action Aid.

EU to puss Financial Transaction Tax (FTT) at G-20
The European Union must push for the adoption of a Financial Transaction Tax at a G-20 Summit. With the dedication shown by European Commission President Jose Manuel Barrosco to push the agenda this Year Cannes summit."Ahead of the Cannes summit, we will come out with a proposal for a European financial transaction tax and we are committed to explore this further also at the G-20 level," Barroso said in a televised address. European Banks have poured disrespect the idea of a Financial Transaction Tax. On this basis, E.U may have to face strong demonstration against the FTT by E.U Bankers.

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