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G20

Are Protests Enough To Bring Down The G20?

By Srecko Horvat for Aljazeera - According to a recent poll, every third person living in Hamburg wants to leave the city during the G20 summit on July 7-8. Their decision is not surprising: who is crazy enough to be in a city with Trump, Erdogan, Putin, Merkel and the Saudis, 20,000 policeman and most likely 100,000 people protesting on the streets? When the last G20 summit took place in Hangzhou, a city with more than six million inhabitants, China found a brilliant solution to this problem. Weeks in advance of the 2016 G20 summit, where China announced its decision to ratify the Paris Agreement, the Chinese government declared a week-long holiday and encouraged citizens to leave the city. After the trouble-free summit in China, the person who pointed to the map of Germanyand said, "Let's do the next G20 in Hamburg!" must not be exceptionally bright. With a long leftist tradition and strong activist presence, Hamburg is probably the city most unlikely to host a problem-free summit like the one in Hangzhou. The grievances of the local population aside, there is a good reason to think this summer's G20 summit will be the most important international political event of the year.

Protest Leaders Plan To Kettle G-20 Leaders In Hamburg

By Philip Oltermann for The Guardian - Hamburg is bracing itself for an escalation of violence on the eve of Friday and Saturday’s G20 summit, after local people complained that heavy-handed police have ratcheted up tensions in Germany’s second largest city. A fleet of hi-tech water cannons was used to disperse crowds partying near the conference venue on Tuesday evening. Five people were injured and five arrests made, said police, who have warned that protesters could be hoarding weapons at secret locations. Authorities in Germany’s second-largest city are preparing for the arrival of an unprecedented lineup of controversial world leaders including Donald Trump, Vladimir Putin and Recep Tayyip Erdoğan, as well as thousands of international protesters ranging from anti-capitalist activists to middle-class families keen to voice dissent. Police say they expect a core of about 5,000 violent protesters to gather in the city’s historic port area for a “Welcome to Hell” march just as world leaders and international delegates start arriving at Hamburg airport on Thursday afternoon. The Hamburg police chief, Ralf Martin Meyer, expressed concerns that the city would see “not just sit-in protests but massive assaults”, as anarchists from Scandinavia, Switzerland and Italy joined up with local activists in a city with a long tradition of leftwing protest and annual May Day riots.

German Police Disperse G20 Protest With Water Cannon Before Summit

By Chris Stern, Hannibal Hanschke, Joseph Nasr and Raissa Kasolowsky for Reuters - German police used water cannon to disperse around 500 anti-capitalist protesters overnight in the port city of Hamburg where Chancellor Angela Merkel will host leaders of the G20 leading economies in a two-day summit starting on Friday. Tens of thousands of protesters are expected to march in the city this week against globalization and what they say is corporate greed and a failure to tackle climate change. German authorities believe around 8,000 demonstrators were prepared to use violence, the interior minister said on Tuesday. Some 20,000 police officers will be deployed. Hundreds of mainly young left-wing activists gathered and marched on a main street shortly before midnight on Tuesday in the first major protest ahead of the summit, which will be attended by U.S. President Donald Trump, Russian President Vladimir Putin and Turkish President Tayyip Erdogan. Der Spiegel magazine reported that the Germany army fears protesters will use unarmed drones and that it has deployed a radar to locate any possible aerial intrusions.

Wall Street’s Savage Reckoning: Clouds Gather Over G-20 Summit

By Mike Whitney for Counter Punch - Finance ministers and central bankers from the world’s biggest economies met in Shanghai, China over the weekend to discuss many of the problems for which they alone are responsible. Leading the list of issues, was the steady deceleration in global growth which, to great extent, is the result of experimental monetary policies central banks implemented following the recession in 2009. Surprisingly, the group admitted that their “easing strategies” had failed to produce the durable recovery that they sought, but at the same time, they made virtually no effort to correct their mistake by making the changes necessary...

New G20 Rules: Bail-Ins To Hit Depositors, Pensioners

On the weekend of November 16, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.

At G-20 World Leaders Mostly Oppose US War in Syria

An Associated Press report on the meeting highlighted the differences of opinion of world leaders on whether Assad actually ordered the use of chemical weapons. While everyone condemned the use of chemical weapons, AP wrote "But many leaders remain in doubt about whether Syrian President Bashar Assad’s regime was behind the attack, or Syria’s rebels." BBC reports: "The US and France are the only nations at the G20 summit to commit to using force in Syria." Further, "The Italian prime minister said in a tweet that 'the G20 has just now finished the dinner session, at which the divisions about Syria were confirmed.'" And, "A spokesman for the Russian presidency said a US military strike on Syria would 'drive another nail into the coffin of international law."

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