Stage Set for Manmohan Singh, Barack Obama Meet

Toronto, June 27 – The stage was set for another meet between Indian Prime Minister Manmohan Singh and US President Barack Obama here later Sunday, during which they were expected to discuss a host of issues from Afghanistan and Pakistan to the current global financial crisis.

But Indian officials accompanying the prime minister ruled out the possibility of his bringing up the issue of extraditing former Union Carbide chief Warren Anderson from the US during his meeting with Obama.

The two leaders will meet soon after the conclusion of the G20 Summit where they both shared similar views on the issue of how the world should overcome one of the worst global financial crisis in decades, officials said.

Both felt that fiscal stimuli introduced by many countries after the crisis, to ensure that large doses of public spending keep demand alive, must not be withdrawn suddenly.

If such a step toward consolidation was taken in haste, it could fuel deflation, rather than just stoke inflationary pressures, which was far more dangerous for the economy, the two leaders felt.

Other issues that could crop up include China’s stated intention to supply two more nuclear reactors to Pakistan, the ongoing development efforts in Afghanistan and the progress made by Pakistan in bringing the perpetrators of the 26/11 Mumbai terror attacks to book.

Posted by Vamban on Jun 27, 2010 @ 5:40 PM Filed under America, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry