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This WEEK in the European Union - EUobserver

EUOBSERVER / WEEKLY AGENDA (30 March to 5 April) - Barack Obama's first visit to Europe as US president and the world's first big attempt to jointly address the financial crisis - the "London Summit" - will dominate the coming week, putting Brussels far into the background.

The US leader arrives in the UK capital on Wednesday (1 April) for a reception at Buckingham Palace and dinner at No. 10 Downing Street with the other leaders of the G20 countries plus Spain, the Netherlands and Thailand.

Will Barack Obama still get a warm welcome six months into the financial crisis?

The summit proper on Thursday is expected to produce a broadly-worded declaration on global financial regulation, with swipes at hedge funds and tax havens. It is also set to increase IMF resources and push forward IMF voting rights reforms. Some analysts predict a surprise on restarting the Doha round of world trade talks.

The EU delegation - the UK, France, Germany, Spain, Italy, the Netherlands, the European Commission and the Czech EU presidency - may try to sell the bloc's template for financial regulation, the "Larosiere Report," unveiled earlier this month.

by Fran on Mon Mar 30th, 2009 at 02:05:04 PM EST
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