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No conflict among G-20 countries: Obama

business Updated: Mar 15, 2009 11:56 IST

PTI
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US President Barack Obama on Sunday said that there is no division on the stimulus plan among the leaders of the G-20 countries, now headed for a summit meet in London on April 2.

"I don't know where this notion has emerged that somehow there are sides developing with respect to the G-20. I can't be clearer in saying that there are no sides. This is a phony debate that I think has been -- has evolved over the last few days in the news cycle," he said.

Obama was asked about differences among the European countries like France and Germany and the US on this issue at a press briefing at the White House after his meeting with the Brazilian President Luiz Inacio 'Lula' Da Silva.

"In my mind at least there is no conflict or contradiction between the positions of the G20 countries and how we're going to be moving forward. There's going to be differences in details. Those are being worked out right now," Obama said, adding that he expects the G-20 summit to be a productive meeting.

"We do believe that it is important for all countries around the world to step in and figure out how we can ensure that we are compensating for the drastic contraction in global demand," Obama said.