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Lisa Millar with a G20 update. -

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North America correspondent Lisa Millar joins Lateline from Pittsburgh, Pennsylvania to discuss the
G20 summit.

Transcript

LEIGH SALES, PRESENTER: North America correspondent Lisa Millar, who is in Pittsburgh for the G20
summit, joins us.

Lisa, as we've just heard, Iran has admitted it has a second nuclear reactor. Has there been a
reaction from the leaders in Pittsburgh yet?

LISA MILLAR, NORTH AMERICA CORRESPONDENT: It is early morning in Pittsburgh, we are about half an
hour from the start of the opening session. We've been led to believe that reaction will come from
President Obama and the leaders of Britain and France. Of course, the US has been worried for a
long time that Iran has been working on an atomic weapon and this is just going to add to those
fears and perhaps confirming those fears.

President Obama is going to call for an immediate inspection from the IAEA of Iran, to find out
what is going on there. And as Karen remarked in her story, perhaps looking at even tougher
sanctions.

It is certainly a dramatic start to the second morning of the G20 summit.

LEIGH SALES: Kevin Rudd has been lobbying hard to have the G20 recognised as the body that will
deal with global financial regulation. It looks like he might get his wish.

LISA MILLAR: He has certainly been remarking on this at every opportunity; at the UN, at speeches
for the last five or six days. I've been following him around New York. It has been his great wish
that the G20 would replace older, more static organisations like the G8, which of course Australia
is not a member of, which was built from wealthy industrial countries.

Kevin Rudd has always felt the G20 should be the place where conversations between the world
leaders take place, and this is clearly the indication we have had overnight from the White House -
that this is going to be the way forward today. By the end of today there will be a resolution,
perhaps in the communiqué at the end of the day, that the G20 becomes the preeminent forum for
world leaders to discuss not only financial and economic issues, not only dealing with the global
financial crisis, but all other issues where the G20, who are the big economies of the world, can
deal with.

LEIGH SALES: It's not like Pittsburgh is exactly an international destination. Why is the G20
meeting there?

LISA MILLAR: Well in fact, when it was announced at a White House briefing many months ago that
Pittsburgh would be the venue for the meeting, there was a snigger amongst the White House corp.
Pittsburgh took that to heart and was determined to prove it had moved beyond its reputation of
being a former rundown steel town and had reinvented itself into a hi-tech hub, as it were.

I must confess, I was surprised myself when I arrived here, it's a very attractive town and it is I
guess becoming an emblem of what the G20 is hoping many cities can become. It boasts an
unemployment rate of less than the national average here in America and it's certainly determined
to put on a pretty good show for the G20.