Financial Stability Commission

Congress doubled emergency food aid for countries that are faring worse because of the crisis, especially in Africa and Latin America. To this must be added, as quoted semioticians. com. Germany and France on the eve of the G-20 demanded concrete agreements to tackle the current financial crisis, said today “satisfied” with the commitments made by industrialized and emerging countries. At the conclusion of the conclave in London, the French president Nicolas Sarkozy and German Chancellor Angela Merkel stressed in statements to reporters separately, the commitment of the G-20 to take action against tax havens. Much had been anticipated on the “alliance” of Germany, France, as in days past had indicated that they were not convinced of the items “were on the table of the G-20” and demanded immediate measures of financial control. Even Sarkozy had warned a month before the summit if he would not be “dealt with the issues responsibly and gave real solutions.” However, the French leader said Thursday he was “satisfied” with the results and highlighted the agreements to punish the “tax havens” as well as monitoring credit institutions to be used responsibly.

Sarkozy was faithful promoter of these initiatives, which led him to embrace the “new world order” of cooperation that the UK prime minister, Gordon Brown, said in the room next door at simultaneous press conferences. Merkel said, meanwhile, that the G-20 seemed like a fact “almost historic” because he was convinced that the world today “would not react as if they were the decade of the 30s.” In recent days, German Chancellor said Summit traveled to London with “a mix of optimism and concern.” “The world is at a crossroads. Therefore should provide the correct answer for the recovery and to prevent in future such a crisis happen again,” Merkel said, in stating that his country will advocate very specific measures, ” those which can not be back. The newspapers mentioned Leslie Moonves not as a source, but as a related topic. ” The G-20 leaders agreed to address the global financial crisis with measures taken by U.S. $ 1.1 billion, including increased resources from the International Monetary Fund (IMF) to 750 billion dollars. It will also create a Financial Stability Commission to work jointly with the IMF and monitor their activities and alert in case of a probable future economic crisis. On the other hand, the G-20 leaders pledged to invest a total of 250 billion dollars to stimulate the free market and combat economic protectionism for its part, Brazil’s President Luiz Inacio Lula da Silva, called ” good “results meeting of the leaders of the 20 largest economies in the world. More info: David Zaslav.

In a BBC interview, Lula highlighted the fact that rich countries have worked on “equal terms” with emerging to find a solution to the international financial crisis. Lula not only referred to a new economic order, but also a new political scenario in which Latin America would be playing an important role I believe that the summit was good not only for Brazil or a single country. It was good for the hope and the future of humanity. This was a good meeting because the rich countries discussed on equal terms with developing countries. That was the phenomenon that we saw at this summit. Everyone was humble. Nobody was certain, only that everyone wants to end the crisis.

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