Friday, June 25, 2010

The United Nations warns top twenty of the global economic downturn

snip ~ "Obama drew attention to the importance of exchange rates Almmermh in support of a balanced global economy, "said the Group of Twenty mechanisms and to agree on the rules put an end to the financial crisis experienced by the major companies in the world and made sure that the financial sector the responsibility of the financial burdens"

June 26, 2010

The United Nations warns top twenty of the global economic downturn

Economic hedges

بغداد - الصباح BAGHDAD - morning

Discusses the group of twenty which adhere to be held in Canada range of issues related to the global financial crisis and the role of rich countries minimize the impact of poverty in the world and the crisis in debt in a number of the economies of the European Union as well as to modify the global financial system.

Summit which is scheduled to be held in the sixth and the twenty-seventh of June, held amid an atmosphere of optimistic and pessimistic at the same Many observers and experts believe that the size of the debts of States and the budget deficits and price fluctuations of world currencies and irregularity of world trade and corruption are more than taken by the Summit of the reforms and decisions in terms of the number of other high hopes for the summit which is scheduled to come to the mechanisms to reform the global financial system, which caused the successive crises of the world.

UN Secretary-General Ban Ki-moon warned the enemy of the global economy into the atmosphere in 2008 began as the financial crisis and describes the recovery that occurred in the world out of the crisis, he is still fragile.

In a letter addressed to the group of twenty-emphasized the importance of achieving overall economic growth depends creating job opportunities and provide decent work and solve the problems of unemployment.

He called for the growth and described in green to create prosperity through the environment-friendly technology and growth, which raises the services in the health of the global community.

Moon has urged the leaders of the twenty to rebuild the global economy and meet the needs of the poorest countries in the world.

As for president Barack Obama has called for the application of new financial reforms in order to maintain the pace of global economic growth and stressed in his letter to leave exchange rates to market mechanisms, saying it would boost the global economy in a clear reference to China, which rejects any pressure to lift the currency.

Obama drew attention to the importance of exchange rates Almmermh in support of a balanced global economy, "said the Group of Twenty mechanisms and to agree on the rules put an end to the financial crisis experienced by the major companies in the world and made sure that the financial sector the responsibility of the financial burdens.

He also called on to laying down demand from the private sector and the continued reliance on exports and the intention of the Group of Twenty to benefit from the mistakes of the past and the damage to economies from reduced?

Economic prematurely and U.S. President the state of recovery experienced by the world economy, require sustained global demand for balanced, noting that big weaknesses still exist in the economies of the 20.

The finance ministers and central bank governors, and already held a preliminary meeting in South Korea, which examined the Platform for Action of the Summit and recommended the need to address budget deficits and debt, the world and improving global economic growth.

Alsabah