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G20 part of the members of the position

Release Date:2012-05-05  Hits:159
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China: "I hope the G20 Cannes summit will continue to carry forward the spirit of the same boat, win-win cooperation, safeguard and make good use building the mechanism of the Group of Twenty"


Brazil: "is willing to provide support in Europe


France: Cannes Summit of the seven core issues


France had identified six core issues of the G20 summit: rebalancing the global economy, financial regulation, the international monetary system reform, promote development and to respond to commodity price fluctuations and to improve global governance, after a comprehensive response to the debt crisis in Europe into the core issues. France hopes that the G20 summit in the seven major aspects of both the gains. As the G20 presidency this year and the euro area core economies, France hopes that the G20 need to build financial "firewall" to prevent the European debt crisis led to the global banking crisis broke out. Specific measures include the strengthening of financial supervision, cross-border cooperation mechanisms, clearly insolvency rescue procedures, as well as additional bank capital. France also hoped to vigorously promote the international monetary system reform process, the composition of the IMF Special Drawing Rights to absorb the new currency to join.



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official White House held a press conference on October 31, said U.S. President Barack Obama will promote this week's Cannes summit of world leaders to take new measures to protect the global economic recovery.


Chinese Foreign Ministry said that the G20 Cannes summit, the parties raised four concerns: First, strengthen solidarity and cooperation of the G20 membersWorld Steel Pipe . Democratic consultation among the members to work together to strengthen coordination and mutual support of the macroeconomic policies of the various members together to stabilize financial markets, to boost market confidence, promote world economic growth. Stability and development, and seek win-win cooperation. Second, the focus of a major and pressing issues of international economic and financial field. Properly deal with sovereign debt crises in developed countries, high and volatile of commodity prices, rising global inflationary pressures and other issues. Continue to push forward the reform of the international monetary and financial system. Among the three pillars of the Group of Twenty advocated strong, sustainable and balanced growth, it is imperative to ensure that strong growth to consolidate the hard-won economic recovery. Third, we continue to firmly oppose trade protectionism. To push forward the Doha Round negotiations as soon as possible to achieve the goal of development cooperation, reiterated the Group of Twenty members of the wrong goods, investment and services set new restrictions. To take care of the needs of least developed countries in economic and trade development efforts have made positive progress in their concerns. Fourth, we continue to focus on North-South problem of uneven development. To an objective understanding of the positive contribution made by the emerging market and developing countries on the world economic recovery and growth, to create a favorable external environment for their development. To discuss the reform of the international monetary system, global economic governance, or commodity prices, should pay attention to the views of emerging markets and developing countries, increase the representation and voice of these countries.


The official also said that Brazil's foreign exchange reserves will remain at $ 352 billion in the size of the same, only the corresponding proportion of the funds held by the IMF. The official said the Brazilian government has not yet decided whether to provide funding directly to the EU's special purpose investment vehicles.


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anonymity, senior government officials in Brazil, the Brazilian government is prepared to provide financial support for the euro zone rescue package, but has not yet decided to subsidize the scale. The official said that this program will be at the G20 summit and the debt crisis in Europe with solutions proposed, "If the parties agreed that the EU's rescue package enough scale, we would be willing to provide assistance through the IMF".


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South African President Jacob Zuma said in a statement on October 31, South Africa in the G20 Cannes summit to encourage all parties to take measures to curb the currency exchange rate fluctuations, increased employment. In addition World steel pipe network editing , South Africa also called for reform of the IMF system, increase the voice of developing countries, "Our actions must point to job creation, especially to the unemployed young people to hope and opportunity".


In addition, the euro-zone countries, including France, also hope that the G20 members worldwide cooperative solutions to the debt crisis in Europe, and actively seek funding for the EFSF expansion.


White House said that the European debt crisis solution "with all the correct elements", but still need to discuss the details and implementation process of the next step, the U.S. debt crisis solutions reached by the G20 in the EU on the basis of close cooperation. Bray said Ladd, a large number of resources used to resolve the crisis in Europe, the United States will support the IMF plays an important role in the process of resolving the crisis.


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United States: "to promote the G20 in close cooperation to solve the debt crisis in Europe"


South Africa: South Africa will encourage all parties to take measures to curb the currency exchange rate fluctuations, "


broad support for the levy of transaction tax on financial transactions, but did not give any further details of

White House said.

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