The final statement of the Group of 20 leaders summit in Canada so far has not been released, yet leaders are going to agree on narrowing the deficits that are in Europe while the highly indebted nations will be obligated to speed up their process of taming the deficits. Officials who are aware of talks in the meeting also say that President Barack Obama, is focusing more on economic growth while German Chancellor Angela Merkel is more towards cutting the deficit.

Obama although is more focused on growth, yet he says he is on the same target, which is world growth and stability and this meant that also he has attention on the debt crisis in Europe which is choking the economic recovery, while he also believes that the UK government should not just yet reduce spending at a time their nation is dealing with sluggish growth.