www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Global General
G20 aims at bank pay and capital; stimulus to stay
(Agencies)
Updated: 2009-09-06 09:11

G20 aims at bank pay and capital; stimulus to stay

Finance Ministers and central bank governors from the G20 nations pose for a group photo during a break in their meeting at the Treasury in London, September 5, 2009. G20 finance leaders pledged on Saturday to keep economic life-support packages in place until a recovery is firmly secured, but reached no deal on putting limits on bankers' pay. [Agencies] 

LONDON: G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time.

Although the global economy looks brighter than when the Group of 20 finance ministers and central bankers met in April, their closing statement said they would not remove economic stimulus until the recovery was well entrenched.

Related readings:
G20 aims at bank pay and capital; stimulus to stay G20 to keep stimulus for now
G20 aims at bank pay and capital; stimulus to stay G20 to pledge stimulus until economic recovery certain
G20 aims at bank pay and capital; stimulus to stay European countries call on G20 to tackle bonuses
G20 aims at bank pay and capital; stimulus to stay 
G20 to pledge loose policy until recovery assured

While the timing of these eventual policy reversals may vary, the G20 said for the first time there should be some coordination to avoid adverse international fallout.

But as the focus shifted from crisis-fighting to establishing a safer financial system for the future, ministers searched for consensus on precise plans to rein in bankers' huge bonuses and use more of their profits to build buffers against any future crisis.

"We cannot put the world in a position where things go back to where they were at the peak of the boom," US Treasury Secretary Timothy Geithner said.

"It cannot happen, will not happen and you can't expect the markets to solve that problem on their own because it's a huge collective action problem...so it has to come through things that countries legislate."

EXIT, BUT NOT NOW

On the public stage, the message was one of solidarity as policymakers agreed they must keep spending the $5 trillion already earmarked as economic stimulus and delay any unwinding of emergency fiscal and monetary measures until economies are sturdy enough to stand on their own.

"The classic errors of economic policy during crises are that governments tend to act too late with insufficient force and then put the brakes on too early," Geithner said. "We are not going to repeat those mistakes."

In a final statement, the G20 officials from rich and developing countries also said they would work with the International Monetary Fund and Financial Stability Board to develop cooperative and coordinated exit strategies.

Behind the scenes, some G20 sources expressed frustration that there was not more progress made in curbing excessive pay packages for bankers -- particularly those employed by firms that have received billions of dollars in government support.

"There is broad agreement on what to do. The problem is we need to go beyond agreement. We need to have concrete measures," said International Monetary Fund chief Dominique Strauss-Kahn. "I'm impressed by the level of consensus but I'm still waiting for strong measures to be decided and also to be implemented at the national level."

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 免费一区二区三区 | 超清首页 国产 亚洲 丝袜 | 亚洲二区在线 | 精品国产一区二区三区成人 | 中文字幕在亚洲第一在线 | 一级女人毛片 | 亚洲人在线 | 新版天堂资源中文在线 | 欧美性f | 国产精品麻豆一区二区三区v视界 | 久草社区视频 | 91四虎国自产在线播放线 | 亚洲一区二区三区四区 | 高清午夜看片a福利在线观看琪琪 | 国产aⅴ一区二区 | 精品国产一区二区三区不卡 | 久久毛片视频 | 91国内精品视频 | 日韩性网站| 嫩草影院ncyy在线观看 | 久久免费播放 | 美女视频永久黄网站免费观看国产 | 久久久久国产午夜 | 欧美毛片性视频区 | 国产精品久久久久久久久久直 | 国产男女交性视频播放免费bd | 中文字幕在亚洲第一在线 | 91视频国内| 亚洲系列第一页 | 国产精品手机在线 | 91精品国产91久久久久青草 | 欧美性色xo在线 | 欧美日韩亚洲综合在线一区二区 | xh98hx国产免费 | 视频一区色眯眯视频在线 | 精品在线播放 | 欧美色88| 久久91精品国产91 | 久久香蕉国产线看免费 | 亚洲一区 欧美 | 国产精品亚洲精品不卡 |