What G20 countries want
As the leaders of the world's biggest economies gather in London we look at some of the competing de
The 19 states (plus the EU) that make up the G20 are responsible for around 90 per cent of global GDP. A leaked Foreign Office paper revealed that the UK had arranged the countries into “Tier 1” and “Tier 2” based on their importance.
US: Determined to secure agreement on new spending plans to support Obama's $787bn stimulus package but preparations have been hampered by an understaffed Treasury.
UK: Gordon Brown aims to forge a new global settlement on regulation while also agreeing on the stimulus packages he believes are necessary to kickstart the economy not to mention Labour's poll ratings.
France: Highly critical of US calls for further spending, the born again statist Sarkozy hopes to focus on financial regulation.
Germany: Opposed to new co-ordinated tax cuts and public spending increases. Merkel aims to agree a crackdown on tax havens.
Italy: Silvio Berlusconi has dismissed the G20 as “just a round-table” - but as Italy is the current holder of the G8 presidency it may be he is concerned this summit will undermine his position.
China: Prepared to increase its contributions to the proposed $500 billion IMF fund in return for greater voting powers.
India: Plans to offer greater financial assistance in return for assurances over free trade.
South Africa: The only African member aims to protect the trading position of developing states by preventing a return to protectionism.
Japan: Like the US, Japan believes immediate stimulus programmes must be prioritised over financial regulation.
Brazil: Growing in influence with each summit, President Lula's priorities are combating protectionism and boosting his country's influence at the IMF.
South Korea: Next year's G20 chair is promoting a moratorium on protectionist policies to support Asia's export based economies.
Saudi Arabia: The sole Opec member aims to alleviate concerns over oil price stability.
Australia: Disgruntled after being relegated to the “second tier” but PM Kevin Rudd will outline his seven-point reform plan.
Canada: Supportive of UK/US calls for new stimulus packages but emphasises that both must further stabilise their banking systems.
Russia: Also angered by its place in the “second division” and is now less likely to bow to demands to cut its high interest rates.
Indonesia: Wary of the Franco-German push for greater financial regulation and supports aggressive fiscal action.
Mexico: President Calderón's priority is drastic reform of the IMF and the World Bank, whose response to the crisis he described as “totally inadequate”.
Turkey: Sympathetic to calls for additional spending and an important bridge between the EU and the Middle East.
Argentina: A country whose own economic problems predate the current crisis, Argentina shares Brazil's concerns around protectionism.
EU: President Barroso believes existing rescue packages are sufficient and wants a greater commitment to financial regulation.