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U.S. treasury secretary to attend G20 summit in Mexico

06-14-2012 01:31 BJT

WASHINGTON, June 13 (Xinhua) -- U.S. Secretary of Treasury Tim Geithner will attend the G20 summit in Mexico next week, the Department of the Treasury announced in a statement on Wednesday.

Geithner will accompany U.S. President Barack Obama to the G20 summit due to be held in the Mexican resort of Los Cabos on June 18-19, the statement said.

With respect to his schedule, Geithner will, on June 18, attend a working dinner of finance Ministers in the evening, said the statement.

On June 19, he will conduct a bilateral meeting with Chinese Vice Premier Wang Qishan in the afternoon. In the same day, Geithner will also attend a working lunch of finance Ministers.

He will depart Mexico for the United States on the evening of June 19, according to the statement.

The upcoming G20 is expected to pursue a broad agenda, ranging from the ongoing eurozone crisis, financial regulation to green growth.

Haunted by domestic campaign pressure, analysts believe that Obama will probably utilize the venue in Los Cabos to press others, particularly the Europeans, to do more, for fear that the troubles in Europe will further drag down growth in America and ultimately affecting his election.

In a recent forum at a Washington think-tank, Michael Froman, the senior economic aide to Obama, called the ongoing eurozone crisis the "biggest issue" in the global economy right now. He expected the G20 leaders to spend a "disproportionate" amount of their time to talk about the state of the global economy, " particularly what's going on in the eurozone."

While recognizing a "number of very important steps" taken by the Europeans, Froman said bluntly: "It's clear now that the markets expect more. And more is needed."

Editor:Wang Shuo |Source: Xinhua

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