The debt crisis in Europe will become the G20 focus

European leaders at the Group of 20 (G20) summit on the occasion of the opening by the enormous pressure of the other countries of the world, asking them to take decisive action to resolve the euro zone crisis, which adds tension to the summit. The G20 summit is unlikely to clear steps to ease the crisis to reach an agreement.

Brought together the leaders of the world’s major economies, Mexico Los Cabos (Los Cabos), some European leaders have been the criticism of their own crisis response measures to fight back, saying that Europe is not the instigator of the 2008 financial crisis , and progress being made in dealing with all kinds of new problems.ガガミラノ Manuale 48MM ダイヤモンド 5010 1D.7 腕時計

Asked the criticism of the G20 in other countries of Europe, the European Commission (European Commission) President Jose Manuel Barroso (Jose Manuel Barroso), angry, pointed out that some countries are not democratic countries. “We are here not to listen to the democratic institutions, as well as the teachings of how to manage the economy. Our own difficulties are not complacent.”

Barroso’s words are a response to a number of remarks in Los Cabos, all parties to the deteriorating global growth prospects attributed to Europe.

OECD (OECD) Secretary-General Angel Gurria (Angel Gurria) accused the euro area not “the best use of existing tools. “Right now the fire is located in the European territory, the fires are affecting the overall system. This is no longer just the Europeans,” he said.

Canadian Finance Minister Jim Flaherty Jim Flaherty continue to annoy European leaders, he insisted that in the euro area to solve their own problems, the euro area will not be supported.

“The present situation is, we are not dealing with impoverished country,” he said on television in Canada. “The reality is that the G20 countries outside Europe in contributing resources to help wealthy European countries have a lot of hesitation.”

Greek election results at least let the world leaders have the opportunity to urge Europe to respond effectively to crisis. U.S. President Barack Obama (Barack Obama) said, There is a “positive outlook”, namely, Greece form a stable government, and progress.

However, the G20 in addition to the urges of the euro zone to resolve the crisis, is not expected to take real action. A draft communique obtained by Reuters (Reuters) seems to indicate that this week will not make specific commitments, but will reiterate ensure that the crisis will not be out of control.ルイ・ヴィトン モノグラム・ヴェルニ アンヴェロップ・カルト ドゥ ヴィジット M91540 レディース 財布

The draft communique said: “euro-zone members of the G20 will take all the necessary policy measures to defend the integrity and stability of the euro area, including the functioning of financial markets and break the feedback loop between sovereign debt and bank debt.”

Though these words suggested the formation of a banking alliance, but in general G20 Cannes Summit communiqué in November last year, there is nothing much different. At that time, accounting for nearly 90 percent of total global income economies, Leaders welcomed the euro zone, “the determination that the use of all resources and institutional capacity, is committed to restoring the confidence and financial stability, and is committed to ensuring the normal functioning of money markets and financial markets . ”

The G20 summit is some of the leaders outside the euro area as the opportunity to put pressure on Angela Merkel, German Chancellor Angela Merkel, asking her to intervene more decisively to solve the crisis of the European single currency, but in the diplomatic official circles, the parties also acknowledged that public criticism of Merkel have the opposite effect.

Processing your request, Please wait....

Leave a Reply