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Collapse of the G-20 Summit at Cannes


  • Badar Alam Iqbal

    (UGSM-Monarch Business School, Monarch University Switzerland)


Europe is under debt threat, facing the biggest crisis of uncertainty. One of the biggest limitations of global integration of the EU is that small and weak countries could not fall in line with strong economies. This crisis is the example in this regard. The summit at Cannes failed to give a concrete solution to the debt crisis especially in the case of Greece, Italy, Portugal, Ireland and Spain. The crisis in Greece and Italy caused the resignation of two popular Prime Ministers. The debt crisis is pushing the EU in general and Greece, Portugal, Spain, Ireland and Italy in particular into recession. Accordingly, the growth forecast is reduced to 0.5 per cent in 2012 from 1.8 per cent. This paper deals with the major issues, their impact and possible reforms.

Suggested Citation

  • Badar Alam Iqbal, 2012. "Collapse of the G-20 Summit at Cannes," E3 Journal of Business Management and Economics., E3 Journals, vol. 3(4), pages 0138-0141.
  • Handle: RePEc:etr:series:v:3:y:2012:i:4:p:0138-0141

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    References listed on IDEAS

    1. Nelson Villoria, 2009. "China's Growth and the Agricultural Exports of Sub-Saharan Southern Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(4), pages 531-550, September.
    2. Raphael Kaplinsky & Mike Morris, 2009. "Chinese FDI in Sub-Saharan Africa: Engaging with Large Dragons," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(4), pages 551-569, September.
    3. Jan Fagerberg, 1999. "Technology, Policy, Growth - Theory, Evidence and Interpretation," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 25, pages 5-14.
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