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Russian Pres believes euro zone nations to settle problems

November 03, 2011, 23:16 UTC+3

Medvedev also indicated that the G20 summit in 2013 may be held in Russia

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CANNES, November 3 (Itar-Tass) – Nations making up the euro zone will manage to settle the current complex situation, Russian President Dmitry Medvedev said Thursday as he addressed a meeting with the leaders of G20 trade union centers.

“We spent practically the whole day looking at the situation in the euro zone and the ways of rendering support to the complex processes unfolding in the European Union’s format,” Medvedev said. “I feel confident the parties /to the talks/ will manage to agree by and large but certain problems will be present all the same.”

Taking part in the meeting with Medvedev were the officials of the International Trade Union Confederation /ITUC/, the European Trade Union Confederation /ETUC/, as well as representatives of the national trade union centers from Russia, Germany, France, Argentina, Indonesia, the U.S., Brazil, the South African Republic, and Japan.

Medvedev also indicated that the G20 summit in 2013 may be held in Russia.

“If the G20 summit takes place in Russia that year – and we have an idea in this connection – then I’m sure we’ll look at the issues of labor and employment in the Russian Federation, too,” he said.

The country holding the rotating presidency of the G20 rotates on an annual basis and each year the countries should be located in different parts of the globe.

In practical terms, this means that Britain held the rotating presidency in 2009, South Korea in 2010, France in 2011, and Mexico will hold it in 2012.

The summit taking place at Cannes November 3 and November 4 is the sixth one in the history of the G20.

Russia has gained some experience with presidency at large international forums and in elitist clubs of nations.

In 2006, it hosted a summit conference of the Group of Eight Industrialized Nations in St Petersburg. Next year, it will host a summit of the Asia Pacific Economic Cooperation Forum that will be held in Vladivostok.

According to the G8 rotation plan, Russia will again host the Group’s summit in 2014. Its term of presidency will be preceded by Britain in 2013.

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