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G20 meeting urged the euro zone to accelerate the construction of a "firewall"

Release Date:2012-05-05  Hits:505
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In his speech, the Chinese side pointed out that in today's complex and difficult world economic situation world pie network information , the G20 parties should continue the spirit of unity and cooperation to strengthen cooperation to promote financial market stability, promote recovery and growth as the primary task, and efforts to solve the debt crisis in Europe outstanding risks and issues facing the global economy of oil prices, disorderly capital flows. Should promote the coordination of macroeconomic policies, the global economy to achieve strong, sustainable and balanced growth. China also introduced China's current economic situation, as well as expanding domestic demand and structural tax cuts, fiscal policy measures.



In addition, the meeting agreed to continue to promote financial sector reform, strengthening the monitoring of the implementation of reform commitments, and to promote the development of inclusive financial. The meeting also discussed the energy and commodities, green growth and structural reforms, natural disasters and risk management issues.



The Conference believes that the current world economy maintained a moderate recovery trend, but the international financial markets remained turbulent, high volatility of oil prices, high unemployment in many countries, the global economy, downside risks remain.


Recently, the Group of Twenty (G20) finance ministers and central bank governors meeting in Mexico came to an end. In his speech, the Chinese side pointed out that in today's complex and difficult world economic situation, the G20 parties should continue the spirit of unity and cooperation to strengthen cooperation to promote financial market stability, promote recovery and growth as the primary task, and efforts to solve the debt crisis in Europe outstanding risks and issues facing the global economy of oil prices, disorderly capital flows.



The meeting welcomed the euro area to solve the debt crisis in Europe in fiscal consolidation, to ease the pressure on financial markets, strengthen the financial system construction, promote pro-growth structural reforms and to help Greece to return to the measures taken by the sustainable growth path World steel pipe network editing , said recently. The meeting should have sufficient resources to ensure that the International Monetary Fund (IMF), the euro area should also strengthen the firewall construction, speed up structural reforms; share the IMF's most fundamental source of funding, as soon as possible the implementation of the 2011 share reform. In addition, the meeting also called for reform of the IMF supervisory framework to enhance the fairness and effectiveness of supervision.



The meeting stressed the need to conscientiously implement the G20 Cannes Plan of Action "and will strengthen the countries in the fiscal, financial, monetary and exchange rate policies, structural reforms, trade and development policy commitment to the implementation of the supervision. At the same time, the parties to update their policies and measures based on the study and formulation of the G20 in Los Cabos, the plan of action.



After the meeting issued a joint statement. The People's Bank of China Governor Zhou Xiaochuan and Deputy Minister of Finance Zhu led the Chinese delegation attended the meeting.

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