Latest topics
G20 finance ministers and central bank governors meet
Page 1 of 1
G20 finance ministers and central bank governors meet
G20 finance ministers and central bank governors meet
The third of the G20 finance ministers' meetings of the 2011 French presidency is expected to continue work on global economic reform. France has listed coordination, protection and diversification as key means of reforming the system. The issue of indicative guidelines for global imbalances has entered the debate, as well as a proposal by the Financial Stability Board (FSB), the G20's regulation task force, that could shield taxpayers from having to rescue failed banks again.
G20 finance ministers will also meet in Paris on Oct 14-15, seeking better policy coordination.
France's communiqué on its aims as G20 president in 2011 -- it is also G8 president for the year -- explains coordination as the attempt to improve the dialogue on economic policies. Protection describes stricter regulation of destabilizing international capital flows and the use of larger and more easily accessible IMF credit lines to act as safety nets. Diversification includes an attempt to shift away from a reliance on the United States dollar as the world’s reserve currency.
According to the Reuters report on the FSB proposal on 15 Jul, the aim is to stop big banks benefiting from cheaper borrowing costs because markets assume governments won't allow them to fail. The havoc seen after the collapse of Lehman Brothers in 2008 is one of the reasons the FSB has concentrated on such regulation. The proposal centers on a capital surcharge on the world's biggest banks by 2019.
The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and the United States. The 20th member is the European Union.
The body was established in 1999 as a response both to the financial crises of the late 1990s and to a growing recognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance. Similar groupings to promote dialogue and analysis had been established at the initiative of the G-7.
The inaugural G20 meeting took place in Berlin on 15-16 Dec 1999, hosted by German and Canadian finance ministers.
http://www.newsahead.com/preview/2011/09/23/washington-dc-23-sep-2011-g20-finance-ministers-and-central-bank-governors-meet/index.php
*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie- Elite Member
- Posts : 1812
Join date : 2011-06-24
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee