PM 3LST

"We cannot allow the thirst for reckless schemes that
produce quick profits and fat executive bonuses to override
the security of our entire financial system and leave
taxpayers on the hook for cleaning up the mess," Obama had
said.

He said the world's leading economies had made progress
in stabilising the global financial system but much work
remained to create jobs and growth.

At the Summit, India will oppose all types of
protectionism in trade and financial inflows to developing
countries resisting any temptation to resort to barriers.

The summit is also likely to take a long-term view of the
economy and review impact of the measures already adopted
before proceeding cautiously about the future.

The gathering is expected to send a strong political
message on the crucial issue of climate change negotiations in
the Copenhagen summit under the UN Framework Convention on
Climate Change (UNFCCC).

The Prime Minister will arrive on September 24 in
Pittsburgh where he will attend a reception and dinner by
Obama on the same day. The next day, there will be a summit
plenary and a lunch which will attended by world leaders.

He will leave Pittsburgh on September 25. Singh will also
be interacting with other heads of government and hold
bilateral meeting with some of them. PTI