G20 conclusions

Date: November 17, 2008	Source: Economic @ 21
Category: REFLECTIONS

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As you know, yesterday November 15 is celebrated as it was expected the G20 summit.

For those who do not know, the G20 comprises the European Union (EU), the Group of Seven, originally Eight (U.S., Canada, Japan, Germany, UK, Italy and France) and South Korea, Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, Turkey and Russia, though invited by France attended Spain (claiming its position as the eighth world power), the Netherlands and the Czech Republic.

The G20 was established in 1999 with the purpose of study, review and promote discussions on issues related to the industrialized countries and emerging economies so as to maintain international financial stability, and deal with issues that are beyond the scope of other lower-level organizations

The G20 meets about 85 percent of the world economy and two thirds of the world's population.

Well, among the conclusions of the recent meeting highlighted the following:

The G20 pledged to implement stimulus measures designed to boost growth, according to the statement adopted at the end of the meeting.
The plan supports the implementation of a system to detect problems in advance in markets such as excessive speculation which triggered the U.S. housing bubble.
It also highlights the need for supervisors to monitor schools financial institutions operating in several countries.
The G20 also finds that financial institutions be modernized to better reflect the growing weight of emerging and stressed the need to reject protectionist temptations.

As you know, yesterday day on November 15 as scheduled WAS Held summit of the G20.

For those who do not you may know, the G20 is made up of the European Union (EU), the Group of Seven, originally eight (United States, Canada, Japan, Germany, UK, Italy and France) and South Korea, Argentina , Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, Turkey and Russia, THOUGH Invited by France Attended by Spain (Claiming His post as the eighth world power), the Czech and the Netherlandv Republic.

The G20 was formed in 1999 With The purpose of study, review and discussions on topics Promote related to the Industrialized Countries and Emerging Economies in the form of international Maintaining Financial Stability, and handle issues beyond the scope That Are lower-level of other Organizations

About The G20 Brings together 85 Percent of the world economy and two Thirds of the planet's Population.

Well, among the Findings of the recent meeting to highlight the Following:

The G20 Pledged to Implement Measures Aimed at boosting stimulus growth, says the communique ADOPTED at the End of the meeting.
The Plan Supports The Implementation of a system to detect problems in advance in the markets, as Excessive speculation triggered the U.S. housing Which bubble.
In Addition, I need to build Stressed the supervisors to monitor the schools Financial Institutions operating in Several countries.
The G20 Also Sees a need for Financial Organizations to modernize to better Reflect Increasing the weight of Emerging and Stressed the need to reject protectionist temptations.