G20 LIVE: The European Sting covers online world news and the latest developments at G20 from Antalya Turkey

g20_logo_Antalya

Just a few hours now separate us from the G20 Leaders’ Summit in Antalya, Turkey. The Sting’s extensive editorial team is being installed now at the beautiful summer resort of Antalya in the Mediterranean sea. Populous delegations of the 20 most powerful nations and economies of this world are effectively on their way to Antalya to have a two day meeting over a hot long weekend, on 15-16 November, in order to pretty much shape the world’s fate in 2016, at least.

The European Sting will be following the flow of G20 news very closely for the next couple of days and bringing to its prominent readers the unique privilege of insightful and original LIVE and constant coverage from the International Media Center at Belek, Antalya. The agenda is strictly confidential at this point and we are not allowed to share further information. However, being a top class Brussels-Based EU media, we will be focusing very much on the EU’s early presence and role in the decisions made on global issues. Certainly we will be monitoring the evolutions for the European countries participating at G20: Germany, UK, France and Italy. What is more, we will be covering as well the news for major global players, of the developed world, from the US and Japan to the developing world, from China to Brazil and Indonesia.

So, if you do crave for original LIVE G20 coverage and LIVE Video streaming from Antalya, you’d better stay tuned this weekend, 15-16 November, at http://www.europeansting.com and its dozens of social media!

Coming back to the EU, the G20 priorities set for Europe and set by President Juncker and Tusk over the coming weekend are as follows:

1. The G20 must support a collective response to the refugee crisis

Meeting in Turkey in the midst of a refugee crisis due to conflicts in Syria and elsewhere, the G20 must rise to the challenge and lead a coordinated and innovative response to the crisis that recognises its global nature and economic consequences and promotes greater international solidarity in protecting refugees. The G20 has a specific responsibility to ensure that international organisations assisting refugees have the necessary financial means. We will work closely with the Turkish Presidency to ensure a concrete outcome.

2. The jobs, growth and investment agenda is central

The recent financial market tensions and the slowdown in emerging market economies are a reminder that the global economy remains vulnerable. There is a clear need to continue a cooperative approach at the G20 level on global macroeconomic policies, with the aim of strengthening the recovery, lifting potential growth and enhancing financial resilience.

The main deliverable for Antalya should be the updated G20 growth strategies and corresponding employment plans. We support the focus of the Turkish G20 Presidency on implementation in order to support the 2% growth ambition agreed in Brisbane last year.

We will underline that investment is a top priority for the EU, in line with the Investment Plan for Europe and the work on building a Capital Markets Union. The continuation of the G20 investment agenda is therefore very welcome and supports our efforts at home. We will place particular emphasis on the quality of private and public investment. The main deliverables from the Antalya summit on investment and infrastructure should be: (1) the new G20 investment strategies; (2) the SME action plan; (3) the work on improving financial intermediation, including simple and transparent securitisation; (4) further efforts to make optimal use of Multilateral Development Banks’ capital.

We will also aim to keep financial regulation high on the G20 agenda.The key outcome in Antalya will be the finalisation of the Total Loss-Absorbing Capacity standard for global systemically important banks on the basis of the on-going comprehensive impact assessments. It will be important to ensure that this new global standard gives the necessary recognition to the EU resolution framework that has become effective this year and will be fully implemented in 2016. The G20 should take the collective decisions that are necessary to prevent another crisis such as the one from which we are emerging.

3. Collective efforts are needed to ensure youth employment and social inclusion

Youth employment remains a top priority for the EU and we will support the adoption of a G20 target to reduce by 15% by 2025 the share of young people who are most at risk of being left permanently behind in the labour market. The G20 should continue to promote more equal economies and fairer societies, strengthen social cohesion and better integrate vulnerable and disadvantaged groups into the economy and the labour market. Therefore we welcome the discussions on the long-term trend of rising inequalities in many G20 economies and how to tackle them to achieve stronger economic growth and create better jobs.

4. Moving forward the G20 work on tax transparency

In Antalya, there should be an ambitious agreement to take further global actions necessary to tackle cross-border tax avoidance and tax evasion, including on the finalisation and implementation of the Base Erosion and Profit Shifting action plan (BEPS).

The G20 should in particular show political leadership on the issue of harmful tax competition and the exchange of information on cross-border tax rulings to enhance transparency. The OECD recommendations on the automatic exchange of information on tax rulings have been published. The EU has shown leadership. With its proposal on the exchange of information on cross-border tax rulings of 18 March, the Commission has launched a discussion within the EU on a measure that is consistent with the OECD recommendations but has a wider scope. EU Finance Ministers have reached agreement on this proposed legislation on 6 October. As a front runner in this area the EU wishes to set an example and encourage speedy and comprehensive action in the field of BEPS. We will therefore promote our ambitious approach at the G20 level. The Antalya summit should emphasise the importance of the exchange of information between tax administrations on taxpayer specific rulings.

5. The G20 has to provide political momentum for trade opening

Trade has a huge potential to drive employment, growth and development. However, global trade has slowed down markedly and grown less than global economic activity. Unfortunately, a comprehensive deal on the Doha Round – which the EU has been strongly supporting – doesn’t seem attainable. In Antalya, the G20 must therefore instruct negotiators to find a solution for the WTO Ministerial Conference in Nairobi on a meaningful set of issues to the benefit particularly of least-developed countries as well as on continuing work after Nairobi through new approaches on those issues that remain outstanding. At the same time, the G20 should welcome regional and bilateral trade agreements that comply with WTO rules and consider how they could serve as building blocks for future multilateral negotiations. We will also keep up the pressure on G20 members who should roll back the protectionist measures put in place in the aftermath of the crisis. Last but not least, the G20 should better explain the benefits of trade to citizens.

6. The G20 should seek a strong outcome in the UN negotiations on climate change

This year is pivotal for international action on development and climate change. We will urge the G20 to work together closely with our partners to implement the UN 2030 Agenda for Sustainable Development and maintain its efforts towards global food security. The G20 will have to show particular determination to conclude at the UN Climate Change Conference in Paris a robust, ambitious and inclusive agreement to govern collective climate action after 2020. We have to rally around the vision of a resilient and decarbonised global economy in the long term and show resolve to mobilise required resources, especially for the poorest and most vulnerable countries, as was the case at the Elmau G7 Summit in June. To put the right incentives in place to meet our goal of limiting global warming to below 2 degrees Celsius, we will also push for a phase-out of fossil fuel subsidies. Moreover, we will seek closer cooperation within the G20 on renewable energy and energy efficiency.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Commissioner sings “Volar-e” but the European driver no “Cantar-e”

Parliament votes reform for better European Co2 market but critics want it sooner than later

The Commission unsuccessfully pretends to want curbing of tax evasion

Ecofin: ‘The Friday battle’ for the banking union

Climate change will never be combatted by EU alone while some G20 countries keep procrastinating

The ECB again takes care of the bankers not the people

Summer pause gives time to rethink Eurozone’s problems

Vulnerable young people must not be blamed & stigmatised for violent radicalisation

‘Free state aid’ for imprudent banks

Draghi’s ‘quasi’ announcement of a new era of more and cheaper money

“Hasta la vista” Google says to Spain and now Europe is next?

Apparently the EU Digital Single Market passes necessarily from China’s Digital Silk Road

Commission and ECB prepare new financial mega-tool in support of SMEs

Diana in Vietnam

VW emissions scandal: EU unable to protect its consumers against large multinationals

EU seeks foreign support on 5G from Mobile World Congress 2015 as the “digital gold rush” begins

Camino de Santiago – a global community on our doorstep

Greek citizens to pay the price again but Tsipras risks losing next elections

European banking stress tests 2014: A more adverse approach for a shorter banking sector

It is me

Will Europe be able to deal with the migration crisis alone if Turkey quits the pact?

EU-India summit: Will the EU manage to sign a free trade agreement with India before Britain?

Europe united in not supporting a US attack on Syria

EU prepares a banking union amidst financial ruins

ECB readies itself for extraordinary monetary measures defying Germany

Eurozone banks are unable to support real economy’s dawning growth

EU agricultural production no more a self-sufficiency anchor

It ain’t over until Google says it’s over

The MH17 tragedy to put a tombstone on Ukrainian civil war

Impacting society with digital ingenuity – World Summit Award proclaiming the top 8 worldwide

Greece at the mercy of ECB while sailing through uncharted waters

Chinese economy to raise speed and help the world grow

Public opinion misled by the Commission on air transport safety

Menu for change: why we have to go towards a Common Food Policy

Poverty and social exclusion skyrocket with austerity

London to say hello or goodbye to Brussels this week

My unlimited China

The Eurogroup has set Cyprus on fire

China is now heavily endorsing its big investment flow in the Central Eastern European (CEE) countries

Eurostat: Real unemployment double than the official rate

Germany objects to EU Commission’s plan for a Eurozone bank deposits insurance scheme but Berlin could go along

EU out to conquer African Union summit

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

EU Commission – US hasten talks to avoid NGO reactions on free trade agreement

Lithuania needs to get rid of the victim mentality

EU imposes provisional anti-dumping tariffs on Chinese solar panels

The Sting’s Values

WEF Davos 2016 LIVE: “European unity and cooperation is being called on question”, Vice President Joe Biden criticizes from Davos

The European Commission cuts roaming charges. But “it’s not enough”…

What lessons to draw from the destruction of Syria

Bugged Europe accepts US demands and blocks Morales plane

MWC 2016 Live: Industrial world prepares to reap digital benefits

Bayer-Monsanto merger: the story of the rise of the “endless company”

Athens searches frantically for a new compromise between politics and economic reality

European Court of Justice to Google: It is #righttobeforgotten but not #righttoberemembered

MWC 2016: IoT experts fret over fragmentation

IMF to teach Germany a Greek lesson

A Sting Exclusive: “Junior Enterprises themselves carry out projects focusing on the environment”, JADE President Daniela Runchi highlights from Brussels

European Youth Forum welcomes adoption of Sustainable Development Goals and calls on European countries to not ignore them!

How to test if Kiev’s ‘Maidan’ was an authentic revolt or a well-planned operation

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s