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G8 leaders tout economic growth, fiscal responsibility - China Flying Saucer Camera by qrt etget





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G8 leaders tout economic growth, fiscal responsibility - China Flying Saucer Camera by
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G8 leaders tout economic growth, fiscal responsibility - China Flying Saucer Camera


 
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(CNN) -- President Barack Obama and fellow leaders at the Group of Eightmeeting he hosted Saturday put job creation and economic growth atthe top of their to-do list. "(They) must be our top priority. A stable growing European economyis in everybody's best interest, including the United States',"Obama told reporters after the two-day Camp David retreat inMaryland concluded. At the same time, leaders stated "that the right measures are notthe same for each of us." The G8 meeting was one of two high-stakes, back-to-back weekendsummits scheduled over the weekend.

On Sunday, NATO kicks off itstwo-day summit in Chicago, with a focus on the Afghanistan war. Authorities announced Saturday that three people were charged withplanning violent attacks during the Chicago summit. The men, termed "self-proclaimed anarchists" by authorities,allegedly conspired to attack Obama's Chicago campaignheadquarters, the Chicago mayor's home and police stations,authorities said. An Illinois judge set bail at $1.5 million foreach of the three suspects arrested Wednesday.

Summit protesters, including those affiliated with Occupy Chicago,held rallies Saturday. G8 leaders -- from the United States, France, the United Kingdom,Germany, Japan, Italy, Canada and Russia -- issued a declarationdetailing their commitment to ensuring adequate energy and dealingwith climate change; providing food security and nutrition inAfrica; promoting democratic transitions in the Middle East; andsupporting political transition in Syria. They reiterated "graveconcern" over Iran's nuclear program and the need to ensure anadequate oil supply. But it was the global economy dominated that dominated the CampDavid sessions. The group dealt with an economically weakened, debt-laden Europeand faced the questions of whether massive deficit cuts trumpetedby German Chancellor Angela Merkel or economic stimulus will helpthe continent grow its way out of the current crisis.

The languagein their declaration Saturday appeared to focus as much on growthas austerity. While discussing economic challenges and progress in the UnitedStates, Obama said the eurozone is more complicated. "There are 17 countries in the eurozone that need to come to anagreement," the president said, citing the crisis affecting Greeceand other nations. "Europe has taken significant steps to managethe crisis." Hanging over the deliberations was the fate of Greece , which has been unable to form an elected government.

Manyanalysts believe that Athens will be forced to exit the eurozoneshortly, dropping the euro currency and possibly further rattlingeconomic confidence. Fear and confusion rule as Greece faces uncertain future "We welcome the ongoing discussion in Europe on how to generategrowth, while maintaining a firm commitment to implement fiscalconsolidation to be assessed on a structural basis," the leaderssaid in a statement. "We agree on the importance of a strong and cohesive eurozone forglobal stability and recovery, and we affirm our interest in Greeceremaining in the eurozone while respecting its commitments. We allhave an interest in the success of specific measures to strengthenthe resilience of the eurozone and growth in Europe." Share on iReport: What is it like to be Greek right now? The group also addressed the effects of sanctions on Iran over itsnuclear ambitions. Iran says it wants nuclear power for peacefulpurposes, but world powers fear that it is working to developnuclear weaponry.

Tough sanctions on Iran are slated to take effect June 28, and afull embargo of Iranian oil by the European Union is set for July1. There is concern about whether a sufficient supply of oil andoil products from other countries will make up for a lack ofIranian oil. "There have been increasing disruptions in the supply of oil to theglobal market over the past several months, which pose asubstantial risk to global economic growth. In response, majorproducers have increased their output while drawing prudently onexcess capacity," the G8 leaders said in a statement. They saidthey stood ready to call upon the International Energy Agency totake appropriate action to ensure that the market is fully andtimely supplied.

Mike Froman, a White House national security adviser forinternational economic affairs, said the atmosphere at the summitwas congenial and there was "very good interaction" among Europeanleaders. No one was defensive as the leaders shared their perspectives onthe need to deal with debt and deficits and the importance ofpromoting economic growth. That included Merkel, a proponent of tough austerity measures , and newly elected French President Francois Hollande, who hasdifferent views on austerity and growth. There was agreement among the leaders that North Korea facesfurther isolation if it continues its pursuit of a nuclear program.

Obama said the group believes that a "peaceful resolution and apolitical transition is preferable" in Syria and the group said itis "deeply concerned about violence and loss of life." The world leaders support U.N. and Arab League envoy Kofi Annan'ssix-point peace plan to end the 14-month crisis in Syria, aninitiative that calls for a cease-fire. While all of the nationsback the Annan plan at the U.N. Security Council, there have beendifferences between Russia and China and other nations on how totackle the crisis in Syria.

The United States and other countries have urged Syrian PresidentBashar al-Assad to step aside and have initiated tough sanctionsagainst the government. Russia and China's stated position is tocall for an end to violence, but through diplomacy and negotiation,not official sanctions. Earlier Saturday, Obama said leaders are hopeful about the dramaticpolitical transition in Myanmar, also known as Burma. "On a brighter note, we had the opportunity to discuss Burma, andall of us are hopeful that the political process and transition andtransformation that is beginning to take place there takes root." A few hundred activists with ties to Ethiopia protested theinvitation of Prime Minister Meles Zenawi to the G8 summit.

Theyrallied in Thurmont, the town nearest Camp David. They decriedZenawi's rule as authoritarian. On Sunday, the war in Afghanistan is expected to dominatediscussions at the NATO summit. Afghan President Hamid Karzai andPakistani President Asif Zardari are both expected to attend themeeting.

Opinion: Why ordinary Afghans worry about the NATO summit NATO leaders are currently on a timetable to withdraw all of thealliance's combat troops from Afghanistan in 2014. Senior administration officials tell CNN that NATO members havetentatively agreed on a security transition plan from NATO'sInternational Security Assistance Force to the Afghan NationalSecurity Forces before 2014. The plan, which also lays out a NATOtraining and advisory role after 2014, is expected to be formallyadopted at the summit. One of the key issues to be discussed in Chicago is who will pay tobuild up Afghan security forces during and after the NATO drawdown.Afghan national security forces should total around 350,000 by2015, according to CNN National Security Analyst Peter Bergen.Karzai's government can afford to cover only a fraction of thecost, which is expected to total roughly $4 billion annually after2014, Bergen notes.

Non-U.S. ISAF countries are being asked to come up with $1.3billion, the officials said. Another issue is Islamabad's continued blockade of much-needed NATOsupplies over Pakistani roads to Afghanistan. Pakistan has kept itsairspace open but closed its ground routes after the death of abouttwo dozen Pakistani soldiers in November at the hands of NATOforces at a post on the Afghan-Pakistan border.

NATO insists thatthe incident was an accident. Negotiations on the issue continue,the senior administration officials said. CNN's Peter Bergen, Alan Silverleib, Elise Labott, Mike Mount andTed Rowlands contributed to this report.

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