Obama writes to G20 leaders call for solutions to trade imbalances

"Financial" comprehensive report "the two-day 20-nation Group (G20) summit will be held in South Korea Seoul today, the theme of the summit is" across the crisis, to grow together. " The meeting was held after the third Pittsburgh Summit established G20 as the Permanent Mechanism summit.　　On the eve of the meeting, U.S. President Barack Obama sent a letter to G20 leaders stressing the recovery of the U.S. economy, which will make the biggest contribution to the global recovery and calling on G20 partners to work to ease trade imbalances, meaning that no country can be spared. "A strong U.S. recovery will create jobs, income and consumption that will be the most important contribution the United States can make to the global recovery," Obama said in a letter. ...... The strength of the dollar ultimately depends on the basic power of the American economy. "Obama called on G20 leaders to support a position reached by the G20 finance ministers last month to oppose" a currency scramble to depreciate "and against" excessive imbalances "between the surplus and deficit countries. "If we work together to avoid the imbalances that weaken the global economy on the eve of this crisis, we can help the global economic recovery," he said. "To achieve a strong, substantial and balanced economic recovery, we must aim for unity, because no single country can do it," he said. "Since the Fed launched a second round of quantitative easing, officials in Germany, Russia and other countries have openly voiced their dissatisfaction with America's indiscriminate" spread of money. It has been reported that the 20-nation group began to look more and more like G19 plus 1, as emerging and rich countries accused the United States of undermining unity.