Wednesday, April 22, 2009

Germany, Ministry of Finance: Problems of the foreign exchange market will be discussed at a meeting Friday

The problems of the foreign exchange market will be discussed at a meeting Friday of finance ministers and central bank head said the G-Representative of the Ministry of Finance of Germany Juerg Asmussen. "Foreign exchange rates will play an important role, as they always do, but I did not expect to be surprised," - said Asmussen reporters on Wednesday. He also noted that the Government does not consider the third fiscal plan for the promotion, but it will focus on is to implement the previous two financial incentive package, which amounts to some 80 billion euros. Comments received from the ruling party coalition government of Germany, found on Wednesday. Asmussen will present the German Ministry of Finance at a meeting in Washington, because the Finance Minister Steinbrueck will be at the meeting of the Social Democratic Party in Germany. Asmussen also said that Germany will receive profits in particular, of the measures agreed at the London summit of Big 20 in early April. Germany also outline in general terms his plan to contact the banks and bad assets at the Washington summit, but he said that No magic, no model that would solve all problems. "The International Monetary Fund said that the real economy, to strengthen the country will be dealing with bad banks and their assets, he said.

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