President Obama at the G-20 Summit

President Barack Obama visited Cannes, France on November 3-4 for a meeting of the G-20, a gathering of the world's 20 major economies, where he delivered remarks at a press conference following the summit.

President Obama said, "Over the past two years, those of us in the G-20 have worked together to rescue the global economy, to avert another depression, and to put us on the path to recovery. But we came to Cannes with no illusions. The recovery has been fragile. And since our last meeting in Seoul we've experienced a number of new shocks -- disruptions in oil supplies, the tragic tsunami in Japan, and the financial crisis in Europe.

"As a result, advanced economies, including the United States are growing and creating jobs, but not nearly fast enough. Emerging economies have started to slow. Global demand is weakening. Around the world, hundreds of millions of people are unemployed, or underemployed. Put simply, the world faces challenges that put our economic recovery at risk.

"So the central question coming into Cannes was this: Could the world's largest economies confront this challenge squarely -- understanding that these problems will not be solved overnight, could we make progress? After two days of very substantive discussions I can say that we've come together and made important progress to put our economic recoveries on a firmer footing."

President Obama continued, "All of us have an enormous interest in Europe's success, and all of us will be affected if Europe is not growing -- and that certainly includes the United States, which counts Europe as our largest trading partner. If Europe isn't growing, it's harder for us to do what we need to do for the American people: creating jobs, lifting up the middle class, and putting our fiscal house in order. And that's why I've made it clear that the United States will continue to do our part to support our European partners as they work to resolve this crisis.

"More broadly, we agreed to stay focused on jobs and growth with an action plan in which each nation does its part. In the United States, we recognize, as the world's largest economy, the most important thing we can do for global growth is to get our own economy growing faster. Back home, we're fighting for the American Jobs Act, which will put people back to work, even as we meet our responsibilities to reduce our deficit in the coming years."

The summit produced several documents including an Action Plan, a Declaration, and a Communique. The White House also released several fact sheets on Growth and Jobs, Common Global Challenges, and U.S. Financial Reform and the G-20 Leaders' Agenda.

You can read the President's full remarks here.



Nicolas S.
November 7, 2011

Nicolas S. writes:


I do appreciate your speech during the G.20.

It's full of humility and determination. I'm thankful that you put emphasis on the partnership within Europe and USA. And by extension the overwhelming importance of G.20 which is becoming an important cooperative and collaborative framework that could enable the minimization of instability and uncertainity risks.

You're right as well to say that it belongs to US to grow as fast as possible if we would like to see the global economy growing fast as well. The leader needs always to show good example.

Well! the time has come excellency to recognize as well that this current financial crisis is mainly sustained by a structural crisis which requires the shift of our productive structure towards sustainability. This
changing will require massive and intensive investments and time.

But we're optimistic that we shall overcome and we'll be more stronger and more united than before.

God bless America!

November 7, 2011

W.W. writes:

any plan for gorwth will not work if it is corrupted

Till governament let people live above any form of Justice constituion rules and regulation deplorable fact will occurr to society.

What it is needed according to math is 1 world leader 1 world constitution 1 world nation and leave behind any greed of finance economy for the sake propserity peace and security

If this won't happen the entire society will collapse cos it has already failed

to move toward a healty and wealthy future this society must be brave in removing cancer and the people who provoked all of this starting from WWII

For this reason The U.N. has lost legitimacy for this reason people are dying and for this reason a great punishment to huiman kind is coming.

Finally we all know what it happened to atlantis and the island of atlas :

For it is related in our records how once upon a time your State stayed the course of a mighty host, which, starting from a distant point in the Atlantic ocean, was insolently advancing to attack the whole of Europe, and Asia to boot. For the ocean there was at that time navigable; for in front of the mouth which you Greeks call, as you say, 'the pillars of Heracles,' there lay an island which was larger than Libya and Asia together; and it was possible for the travelers of that time to cross from it to the other islands, and from the islands to the whole of the continent over against them which encompasses that veritable ocean. For all that we have here, lying within the mouth of which we speak, is evidently a haven having a narrow entrance; but that yonder is a real ocean, and the land surrounding it may most rightly be called, in the fullest and truest sense, a continent. Now in this island of Atlantis there existed a confederation of kings, of great and marvelous power, which held sway over all the island, and over many other islands also and parts of the continent.

Massachusetts, USA
November 7, 2011

Maureen in Massachusetts writes:

President Obama/G20:

The french press blogs read a tone of expected frustration but what cannot be denied is President Obama's dual efforts on the diplomatic front with President Sarkozy and the uplifting effect this has had on the G20! The progress has noted since last checked in 2009.

The general reaction though seems to be that Europe feels a bit alone but France and the US are working as true allies and that relationship is strengthening.

The summit documents (linked in post) show that many of the goals and problems are quite a shared responsibility and if there is something to take away from this summit it is that we are truly interdependent.

President Obama Speaks During a Conference at G20
Posted by DipNote Bloggers
November 4, 2011


Latest Stories

January 19, 2017

What We Got Right

With a new administration taking office this week, it is natural to assess the inheritance it will receive from the… more