Finance Ministers of Group of Eight have decided that the economy shows signs of stabilizing, but the situation remains uncertain and a number of negative trends, including rising unemployment, may continue. At the same time, it is proposed to gradually withdraw from the anti-crisis program, when the economic recovery will be convincing
The Ministers of Finance of the "Great Eight" (G8) in the Italian city of Lecce discussed the prospects of the economy and concluded that their countries were showing signs of stabilizing, but the significant risks and uncertainties remain.
As evidence of the stabilization of the situation provides recovery of stock markets, the narrowing spreads, improving the confidence of entrepreneurs and consumers. At the same time, the sustainable improvement of the speech is not yet under way. "The situation remains uncertain and significant risks to economic and financial stability persist," - stated in the communiqué issued following a meeting of finance ministers.
It also notes that even after the GDP starts to recover, unemployment may continue to rise. Thus, the G8 countries intend to take measures for its reduction and to maximize the potential growth of employment, including programs to improve the professional qualities, social protection programs, etc.
"We need to remain vigilant and make sure that consumer and investor confidence is fully restored, and economic growth is supported by the stability of financial markets and strong fundamental factors", - stressed in the communique. In addition, G8 is ready to take further necessary steps to sustain the economy, to provide liquidity and maintain an infusion of capital the banks if needed.
So in the case of countries which are ready to provide further support to the economy, but when the main problem bypassed, you will need to as the "wrap up" all these crisis program, and "eight" suggests thinking about it now. "We discussed the need to prepare a strategy for" unreeling "extraordinary measures taken in response to the crisis, when economic recovery will be convincing" - says the communique.
There were, as usual, and without obligation "podrihtovat" regulatory issues of economics and finance. Ministers of the Group of Eight have agreed to develop a set of common principles and standards associated with the management of international business and finance (Lecce Framework), in particular, it is to identify areas not yet covered by the regulation, and to develop their regulatory measures, which will lay the foundation for a stable growth in the long run, says "Eight". G8 intends to involve the international partners, including not only the countries of G20.
Also, in their communiqué "G" again opposed protectionism and announced its intention to continue working on the completion of the Doha Round negotiations.
IFX.RU
The Ministers of Finance of the "Great Eight" (G8) in the Italian city of Lecce discussed the prospects of the economy and concluded that their countries were showing signs of stabilizing, but the significant risks and uncertainties remain.
As evidence of the stabilization of the situation provides recovery of stock markets, the narrowing spreads, improving the confidence of entrepreneurs and consumers. At the same time, the sustainable improvement of the speech is not yet under way. "The situation remains uncertain and significant risks to economic and financial stability persist," - stated in the communiqué issued following a meeting of finance ministers.
It also notes that even after the GDP starts to recover, unemployment may continue to rise. Thus, the G8 countries intend to take measures for its reduction and to maximize the potential growth of employment, including programs to improve the professional qualities, social protection programs, etc.
"We need to remain vigilant and make sure that consumer and investor confidence is fully restored, and economic growth is supported by the stability of financial markets and strong fundamental factors", - stressed in the communique. In addition, G8 is ready to take further necessary steps to sustain the economy, to provide liquidity and maintain an infusion of capital the banks if needed.
So in the case of countries which are ready to provide further support to the economy, but when the main problem bypassed, you will need to as the "wrap up" all these crisis program, and "eight" suggests thinking about it now. "We discussed the need to prepare a strategy for" unreeling "extraordinary measures taken in response to the crisis, when economic recovery will be convincing" - says the communique.
There were, as usual, and without obligation "podrihtovat" regulatory issues of economics and finance. Ministers of the Group of Eight have agreed to develop a set of common principles and standards associated with the management of international business and finance (Lecce Framework), in particular, it is to identify areas not yet covered by the regulation, and to develop their regulatory measures, which will lay the foundation for a stable growth in the long run, says "Eight". G8 intends to involve the international partners, including not only the countries of G20.
Also, in their communiqué "G" again opposed protectionism and announced its intention to continue working on the completion of the Doha Round negotiations.
IFX.RU
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