PARIS, Oct 15 (Reuters) - G20 finance ministers and central bank governors put strong pressure on euro zone leaders at a two-day meeting in Paris to come up with a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession.
Following are key quotes from closing news conferences on Saturday by G20 chair France and other delegations:
FRENCH FINANCE MINISTER FRANCOIS BAROIN
'Some industrialised countries have scope to support growth.'
'I have to tell you in truth that the results of the European Council on Oct. 23 will be decisive.'
'Central banks will continue to supply banks with necessary liquidity, we will ensure that banks have the necessary capital...This is a very important message that central banks are sending.'
'We have decided on a very substantial strengthening of financial regulation.'
'We prepared ambitious decisions for Cannes including a list of systemically important financial institutions.'
Q: Any agreement with your German colleague on haircut on Greek debt?
A: 'We've made good progress with the German finance minister. There are points of agreement which are emerging rather clearly and we will have an agreement on this point, but it would be premature to say what accord will emerge on Oct 23.'
Q: what reaction to Dallara/IIF saying it opposed to further losses for Greek creditor banks?
A: 'We will find an answer. You know the French position which is quite clear, we will refuse any solution that leads to a credit event.'
U.S. TREASURY SECRETARY TIMOTHY GEITHNER
'The IMF has a substantial arsenal of financial resources, and we would support further use of those existing resources to supplement a comprehensive, well-designed European strategy alongside a more substantial commitment of European resources.
'The leaders of Germany and France have committed publicly to put this framework in place over the next two weeks, before the G-20 leaders convene in Cannes. They clearly have more work to do on the strategy and the details, but when France and Germany agree on a plan together and decide to act, big things are possible.'
'A successful global response would be strengthened by more progress toward domestic demand led growth in the major emerging market economies and a more rapid pace of exchange rate appreciation by China.'
(Reporting Paris G20 team) Keywords: G20/HIGHLIGHTS
(catherine.bremer@thomsonreuters.com)(+33 1 4949 5242)(Reuters Messaging: catherine.bremer@thomsonreuters.com.reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
black hawk down black hawk down dennis the menace dylan ratigan dylan ratigan occupy occupy
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন