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07/20/2013 17:07 Group of Twenty seeks to stimulate global growth from Moscow
BAGHDAD / follow the obelisk: being the great powers in the Group of Twenty, Saturday, in Moscow discussions to agree on the need to make further efforts to stimulate global growth which passes difficulties against the backdrop of a growing protest movement on austerity policies.
He acknowledged French Finance Minister on Friday evening that there is no consensus "automatic" on the balance to be struck between reducing the deficit in public budgets and support economic activity and that the results of the Group of Twenty in relation to growth remain "inadequate" at the moment.
The French minister said Pierre Moscovece "certainly is the goal of deficit reduction over the medium term .. but at the same time, the short-term priority is growth, growth is growth."
He asked U.S. Treasury Secretary Jakob Friday if the Europeans to reconsider their policy of austerity and do more for growth and employment.
And labor ministers reached in the Group of Twenty meeting for the first time at the same time "Conclusion common" that "these measures to cope with the financial crisis have had significant implications for the labor market," according to the French Labor Minister Michel Saban.
But Germany still insists on the importance of reducing public debt.
And According Pierre Moscovece, the final statement of the Group of Twenty will not set any numerical target for reducing public debt and deficit, and said, "We are not in Ward this step .. and the Group of Twenty priority is growth."
In contrast, the finance minister said Federation Anton Saloanov, that the final statement will refer to the importance of a "high level of funding for long-term investments" and that the Group of Twenty will determine for itself the task of identify new ways to finance by 2015.
Moreover, the bloc negotiators BRICs (Brazil, Russia, India, China and South Africa) met on the sidelines of the Group of Twenty to discuss, among other topics, the issue of the establishment of a development bank in this special bloc cost financing infrastructure projects in particular.
In addition, the slowdown of these countries are facing the implications of the U.S. central bank's policy.
Federal Valahtaati plunge several years ago the financial system with liquidity, which will be re-invested heavily in emerging markets where profitability is higher.
But ultimately this policy's stated support for the activity caused a large withdrawal of capital from developing economies, causing disruption in the financial markets and the impact on their currencies.
Russia has demanded and Brazil with more vision and connects the more pronounced on the subject on the agenda of a dinner meeting of ministers on Friday evening.
The head of the U.S. Federal Reserve Ben Bernannki this week that the U.S. central bank will not reduce its support for the economy but only when the recovery is solid enough.
The powers also sought to declare progress in major projects of the Group of Twenty such as financial control and taxation.
[You must be registered and logged in to see this link.]
BAGHDAD / follow the obelisk: being the great powers in the Group of Twenty, Saturday, in Moscow discussions to agree on the need to make further efforts to stimulate global growth which passes difficulties against the backdrop of a growing protest movement on austerity policies.
He acknowledged French Finance Minister on Friday evening that there is no consensus "automatic" on the balance to be struck between reducing the deficit in public budgets and support economic activity and that the results of the Group of Twenty in relation to growth remain "inadequate" at the moment.
The French minister said Pierre Moscovece "certainly is the goal of deficit reduction over the medium term .. but at the same time, the short-term priority is growth, growth is growth."
He asked U.S. Treasury Secretary Jakob Friday if the Europeans to reconsider their policy of austerity and do more for growth and employment.
And labor ministers reached in the Group of Twenty meeting for the first time at the same time "Conclusion common" that "these measures to cope with the financial crisis have had significant implications for the labor market," according to the French Labor Minister Michel Saban.
But Germany still insists on the importance of reducing public debt.
And According Pierre Moscovece, the final statement of the Group of Twenty will not set any numerical target for reducing public debt and deficit, and said, "We are not in Ward this step .. and the Group of Twenty priority is growth."
In contrast, the finance minister said Federation Anton Saloanov, that the final statement will refer to the importance of a "high level of funding for long-term investments" and that the Group of Twenty will determine for itself the task of identify new ways to finance by 2015.
Moreover, the bloc negotiators BRICs (Brazil, Russia, India, China and South Africa) met on the sidelines of the Group of Twenty to discuss, among other topics, the issue of the establishment of a development bank in this special bloc cost financing infrastructure projects in particular.
In addition, the slowdown of these countries are facing the implications of the U.S. central bank's policy.
Federal Valahtaati plunge several years ago the financial system with liquidity, which will be re-invested heavily in emerging markets where profitability is higher.
But ultimately this policy's stated support for the activity caused a large withdrawal of capital from developing economies, causing disruption in the financial markets and the impact on their currencies.
Russia has demanded and Brazil with more vision and connects the more pronounced on the subject on the agenda of a dinner meeting of ministers on Friday evening.
The head of the U.S. Federal Reserve Ben Bernannki this week that the U.S. central bank will not reduce its support for the economy but only when the recovery is solid enough.
The powers also sought to declare progress in major projects of the Group of Twenty such as financial control and taxation.
[You must be registered and logged in to see this link.]
