In a meeting held at the G-20 Summit in Las Cabos, Mexico, Brazillian President Dilma Rousseff and Argentine President Cristina Fernández de Kirchner opposed any financial austerity plan and agreed that development and growth policies were the best way to overcome the world economic crisis.
In a press conference given after the meeting, Argentine Minister of Foreign Relations Hector Timerman noted that both leaders concurred that forthcoming talks by Germany would be important in deciding how to address euro troubles. He also noted that ¨political problems in Europe continue to affect the deceleration of emerging economies.¨
The G-20 Summit aims to give emerging economies more influence in world economic discussions, but the divide between developed and developing nations remains clear. “We will not be the ones to pay for the crises of other countries when developing economies have maintained world economic growth since 2006,¨ he said.
Over the past two days, members of the G-20 have discussed the stability of international markets. The official sessions held on Tuesday were entitled ¨Strengthening the international financial architecture and promoting financial inclusion”, and “Trade, job creation and growth.”