World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...

by lexie Fri Oct 28, 2011 9:20 pm

2011-10-29

Preventing financial crisis "true test" for G20: Zoellick

G20 Meeting November 3-4-2011, Cannes, France

Washington, The true test for the G20 will be whether it can prevent a future financial crisis, World Bank Group President Robert Zoellick said Friday ahead of the upcoming G20 summit in Cannes.

"The world economy is hobbled not only by large deficits and troubled banks, but by joblessness and slow growth," Zoellick noted in an article carried on the website of the Washington Post Friday.

At the G20 summit to be held in France this coming week, the euro zone will present its new plan to recapitalize and strengthen European Union banks, using its new European Financial Stability Facility to enable Italy and Spain to roll over government debts, while assisting Greece, Portugal and Ireland, and easing the debt load on Greece to give it a chance of recovery, he added.

"Developing countries' economic growth has helped compensate for the lackluster performance of developed nations, but they are hardly immune to the shocks coming out of industrialized countries, " Zoellick noted.

He warned that all nations must at least agree "not to do dumb things" which includes a retreat to protectionism or trade wars.

The G20 also must help offset the damage to the poorest countries, which do not sit at the G20 table, Zoellick urged.

http://news.xinhuanet.com/english2010/business/2011-10/29/c_131218496.htm

found article on; http://articlesofinterest-kelley.blogspot.com/

by lexie Fri Oct 28, 2011 9:39 pm

2011
G20 Meeting November 3-4-2011, Cannes, France
2011 G-20 Cannes summit

G-20 Summit on Financial Markets and the World Economy

Date: November 3–4, 2011

Location - Palais des FestivalsCannes, France

Participants
G-20 (+ Ethiopia, Singapore, Spain, United Arab Emirates, Equatorial Guinea), AU, NEPAD, CCASG

Follows
Seoul summit, 2010
Precedes
Mexico summit, 2012

The 2011 G-20 Cannes Summit will be the sixth meeting of the G-20 heads of government in a series of on-going discussions about financial markets and the world economy.

http://articlesofinterest-kelley.blogspot.com/2011/10/g20-meeting-november-3-4-2011-cannes_26.html

by Squishy Fri Oct 28, 2011 11:29 pm

I just dont get why someone doesn't put a "REPORT" icon on every post so if its something like the one above, it doesn't get unnoticed?

by lexie Fri Oct 28, 2011 11:50 pm

Squishy wrote:I just dont get why someone doesn't put a "REPORT" icon on every post so if its something like the one above, it doesn't get unnoticed?

Trust me, next week it will be the "BIG TOPIC" of discussion, with more G20 articles to follow. I will try, and remember to put "REPORT" on the heading of the post!!!

Thanks, lexie Wink

World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...

World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...

Re: World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...

Re: World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...

Re: World Bank Group's President, Robert Zoellick, Said Preventing financial crisis "true test" for G20 Meeting Next Week ...