Expectations for the upcoming summit in Sydney are a combination of wishes for emerging markets to get their countries in order and wishes for the US to deal with ramifications of further easing of its almost trillion dollar stimulus. Smaller side talks between countries are being highlighted as possible bright spots for the February 22nd to the 23rd meetings.

Early reporting from the Group of 20 opening letter from Prime Minister Tony Abbott, outlined areas of focus for the 2014 Australian chairmanship. These twenty nations, including the EU, represent close to 67% of the worlds population and in excess of 85% of the globes Gross World Product. The focus will be on boosting global trade, inter country and general foreign direct investments, employment issues as a slow down seems evident in emerging markets and competitive practices of some of the developing countries.

– By Julien David

EU, G20, Group of 20, Sydney, Tony Abbott