Obama's Indonesia Trip After the India Visit

President Barack Obama said the Group of 20 had much work to do in the world economy had not yet reached a framework for balanced growth.

After a meeting with the president of the G-20 in Indonesia, Jakarta on Tuesday, Obama said that China has criticized U.S. policy easy money and warned two days before a summit of G-20 leaders that Washington could destabilize the global economy and inflating asset bubbles.

In a press conference with the Indonesian president Susilo Bambang Yudhoyono, Barak Obama said,that they still have much to do .. one of the main action is required to introduce tools to promote a balanced and sustainable development.They haven’t yet achieved that balanced growth, the fact that some countries will participate in the currency markets to keep the advantage, without naming names.

The United States of a very loose monetary policy to send the flow of money in search of higher returns in emerging markets like Indonesia, where they are struggling with the rise in foreign currency, which could harm their exports, while the United States want China to let its currency rise faster to reduce the competitive edge of Beijing.

Obama said G20 progress would not happen "all at once" and the U.S. was not looking to contain China.
"We want China to succeed and prosper. It's good for the United States if China continues on the path of development that it is on," he said.

German Chancellor Angela Merkel wanted to avoid a confrontation this week, the Seoul summit, China and the United States on trade and currency, and leaders are eager to demonstrate that they have not lost their spirit of cooperation forged during the depth of the crisis financial reporting in 2008.

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