Save the United States, the euro or the European Union is bound to save Obama tit for tat.

<P> World economic balance, sustainable growth, the fourth is still bound to the Group of Twenty (G20) summit in Toronto, the core issues, but Europe and other developed countries on the way to achieve this goal there are still many differences. .</ P> <P> large-scale fiscal stimulus is to continue, or begin implementation of an exit strategy? .Do not cut the fiscal deficit to? .Financial transactions or not to tax? .In this series, the EU and the United States tit for tat. .</ P> <P> continue to "stimulate" the life of the euro will immediately want to "opt out" to Obama's life </ P> <P> 2008 began the world financial crisis appear to have come away, while the European .sovereign debt crisis is shrouded in the clouds over Toronto G20 summit. .</ P> <P> European Union countries that, in response to the last round of financial crisis, governments have implemented a highly expansionary fiscal stimulus plan, and the losses in the private sector crisis of the transfer to government departments. .High debt, high deficit will inevitably lead to full-blown crisis in the public domain. .Derived from the Greek and a spread of the "debt crisis" is one of the most typical example. .</ P> <P> EU member states so that, G20 members should immediately fiscal consolidation to reduce the deficit. .</ P> <P> as chair and coordinator of the summit, Canada supported the views of the European Union. .</ P> <P> Canadian Prime Minister Stephen Harper announced in a letter to 18 the Group of Twenty heads of the letter, called on world leaders agreed to halve by 2013 the fiscal deficit and stabilize the domestic government debt .GDP ratio, or drop it into orbit by 2016, thus eliminating the uncertainty of economic growth and financial instability risks. .</ P> <P> but the world's largest economy, America did not agree with this view. .</ P> <P> 18, the White House released President Barack Obama caused a letter to leaders of the Group of Twenty. .The letter called on other major industrial countries, especially European countries, do not over-tighten fiscal policy implementation, but "strong growth for the economy to provide the necessary policy support." .</ P> <P> Obama said: "We made great efforts to economic recovery, and now can not be allowed to give up halfway." .</ P> <P> Some analysts believe that the position of countries determined by their domestic economic situation. .The current U.S. economic recovery is slow, especially near double-digit unemployment rate is not significantly improved. .If the current fiscal austerity, the unemployment rate will face a rising risk. .This will allow the Obama administration and the Democratic Party will be held in November mid-term election in an extremely difficult situation. .</ P> <P> for Europe, Greece is almost a "devastating" to the European countries the debt crisis has sounded the alarm: unlimited budget deficits will be completely ruined by the euro, the EU build "the world's most .competitive economy, "the" Lisbon strategy "into thin air. .</ P> <P> United Kingdom France Germany USA Canada advocated the introduction of bank tax "BRIC" does not support </ P> <P> financial tax problems surfaced in the summit. .</ P> <P> tax on financial system issues, Europe has been one step ahead. .22, Osborne Chancellor of the Exchequer's Budget released in the new proposed tax on domestic banks, that banks charge each year by 0.04 percentage point margin of risk, annual income for the government 20-3000000000 U.S. dollars .. .Germany and France have also been announced in the next fiscal year budget proposed bank tax plan. .</ P> <P> Britain, France, Germany and 3 States also hopes the summit of the G20 meeting of financial duty to extend to the world's major economies. .3 States have issued a joint statement, 22, hopes the introduction of bank tax to "the banking system in reducing financial risks to make the appropriate contribution", but also to encourage banks to reduce speculative trading to avoid a big crisis. .3 state that, while tax credits can vary from country to country, but within the scope of a global taxation system is to prevent an effective means of international financial risks, they will be trying to promote their goals. .</ P> <P> by the European practice, financial tax is undoubtedly the bank the money in the pockets of admission to the government so there is a problem in the financial system and reduce the use of taxpayer money to rescue banks initiatives. .But the EU tax issues in the financial solidarity, the international financial system has not been endorsed by all major participants. .</ P> <P> Canadian Prime Minister Stephen Harper said that the situation is different countries, for example, the Bank of Canada does not appear in the financial turmoil big problem, the Canadian government does not spend large sums of taxpayer money to rescue banks. .If the financial tax generalization of these banks is not fair. .</ P> <P> Obama worried about is another question. .Although the United States has stepped up supervision of the banking sector, but stressed the need to adopt a positive stimulus. .United States worried that withdrawing too quickly would undermine economic measures to stimulate economic recovery of, inhibit the growth of demand and employment. .Early this year, Obama has proposed levy of 0.15% of the financial system, financial stability fee. .But this bill is currently suspended, is unlikely to be adopted. .</ P> <P> Russian First Deputy Prime Minister Igor Shuvalov 23, made it clear that Russian President Dmitry Medvedev and the Russian government does not support the levy bank tax. .</ P> <P> an official of the U.S. Embassy in Russia said the same day, although less than half of the Group of Twenty members in support of bank tax levy, but this idea for Russia is totally unacceptable, because .This is an international financial center in Russia, the idea of conflict, but also with Russia and reduce the tax burden of the tax reform strategy are contradictory. .</ P> <P> Indian officials have said that tax collection is not suitable for banks in India, because India's financial system is very healthy. .</ P> <P> China, Brazil and other emerging economies do not agree with widely imposed in the global financial tax proposal. .</ P> <P> one of the world's three major international rating agency Fitch also said that Britain and other countries despite the introduction of the financial tax, but its domestic banks and credit rating will not improve. .</ P> <P> disrupt the summit agenda for foreign exchange reform the RMB exchange rate is no longer a big problem </ P> <P> The G20 summit in the months before, the "G20 to include the issue of RMB exchange rate mainly .issues, extreme pressure of RMB appreciation "argument rampant. .Especially in the United States, the manufacturing industry, interest groups and the U.S. Congress are constantly creating pressure. .</ P> <P> the United States, led by Democratic Senator Charles Schumer U.S. congressmen to "the United States millions of people out, thousands of businesses closed," attributed to an underestimation of the RMB exchange rate. .In recent months, members of Congress continually submit the motion. .Early June, Schumer also suggested that the Senate take action to promote, through the imposition of Chinese products, "countervailing" and "anti-dumping duties," the motion in response to "China's currency manipulation." .</ P> <P> 6 On 10 April, U.S. Treasury secretary in the Senate Finance Committee hearing testified that the summit will be in Toronto continue to raise the RMB exchange rate issue, because it "both the U.S. and global economy .critical. " .</ P> <P> the People's Bank of China announced to restart the reform on 19 and enhance flexibility in the renminbi, the "pressure of RMB appreciation and promoting school" apparently upset the pace. .</ P> <P> While some conservatives on the RMB exchange rate flexibility skeptical, but an unnamed U.S. government officials said the G20 summit in Toronto, the agenda will be restarted due to exchange rate reform in China has been adjusted, the RMB exchange rate will no longer be .the focus of the summit agenda. .</ P> <P> former U.S. National Security Council Director for Asian Affairs, is well-known U.S. think tank the Carnegie Peace Foundation Paal, Vice President, told this reporter said that the RMB exchange rate issue may not officially among the G20. .But in the meantime the leaders of the bilateral talks, the United States may still make relevant issues. .</ P>.