topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2132 0.59
DAX 6376.7 0.58
IBEX 30 6501.3 -0.64
CAC 40 3067.11 0.63
FTSE 100 5389.56 0.71
AEX 295.08 0.79
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13166.81 0.09
TSX Composite 11576.47 0.09
ASX 4120.2 0.96
Hang seng 18800.99 0.47
Straits Times 2788.47 0.57
ISEQ 20 503.61 0.53
You are here: Home News Spanish News Spain not invited to crisis summit, says US

Spanish News

archive
Enlarge font Decrease font Text size


23/10/2008Spain not invited to crisis summit, says US

Spain not invited to crisis summit, says US The United States says only members of the G20 group of wealthy nations and principal emerging countries will be invited to the global summit in November.

23 October 2008

MADRID - Spain's hopes of participating in an international summit to reform the global financial system were effectively dashed on Wednesday when the United States announced that only members of the G20 group of wealthy nations and principal emerging countries would be invited.

White House deputy press secretary Tony Fratto said there was "no decision to exclude Spain" but rather that the format chosen for the meeting on 15 November means that Madrid will be unable to send representatives.

Though Spain is the world's eighth-largest economy, it does not form part of the G20, which was created following the emerging market crises of the late 1990s to bring together the biggest industrialised nations, known as the G7, and major emerging countries, among them Brazil, Russia, China, Saudi Arabia and South Korea.

The US decision is a double blow to Spain, coming just a day after French President Nicolas Sarkozy also suggested a format for the meeting that would have prevented Spanish officials from being in attendance.

Sarkozy went back on his comments Wednesday, issuing a statement in which he said he would encourage the United States to allow Spain to attend.

Spain's bid, which had already been supported by British Prime Minister Gordon Brown, was also backed Wednesday by European Commission President José Manuel Durão Barroso.

[El Pais / Ángeles Espinosa / Expatica]


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Discussion Forums

Technology in Spain

Sat phones/internet links

English in Spain

What is the best travel insurance cover to Spain?

American in Spain

U.S. citizens, plan to vote in 2012? Did you know...

Relocation to Spain

thinking of moving to madrid

Jobs in Spain

Job Agencies or how to find work.

participate in the forums

Inside Expatica
Editor's Guide: Getting Started in Spain

Editor's Guide: Getting Started in Spain

Expatica's Getting Started section will provide practical information on how you can open a bank account, exchange your driving licence, improve your Spanish, and more.

Groups and Clubs in Madrid

Groups and Clubs in Madrid

Here's a guide to an extensive list of groups and clubs in Madrid for expats, from sports groups to social and family gatherings.

Groups and Clubs around Spain

Groups and Clubs around Spain

A brief introduction to our Tax section for Spain, from help with inheritance tax to accounting advice.

Groups and Clubs in Barcelona

Groups and Clubs in Barcelona

Here's a short introduction to our Banking section for those living in Spain, from what to ask the experts to opening a Spanish bank account.