GMT 222 afternoon
news, according to foreign reports, the European debt crisis will be the main concern in this weekend meeting of Group of Twenty policy makers, the World other regions are waiting for the euro area to make a commitment to advancing the crisis safety nets.
developed and developing countries are hoping to get convinced that the EU will take all necessary measures to prevent the crisis from spreading, a convincing answer will help national officials agreed to enhance the IMF’s firepower, resulting in more good to help the crisis in victimized countries.
U.S. Treasury Secretary Timothy Geithner and the Financial Stability Committee, Xi Kani (Mark Carney) will attend the G20 meeting held in 225 to 26, participating countries include Brazil, India and China and other developing countries, these countries support the expansion of IMF resources is essential.
before EU leaders next week to discuss firewall program, the Group of Twenty finance ministers and central bank governors are expected to not make any substantive decisions on the meeting held in Mexico City.
euro area, an official said: “Group of Twenty is difficult in the IMF financing plan to reach a substantive agreement in the euro area before the establishment of the firewall, this will not be resolved.”
IMF seek to make the fire doubled by the additional financing to 600 billion U.S. dollars to help countries cope with debt crisis , but the plan was the opposition of the United States and Canada and other countries.
outside the euro area in many countries that the euro-zone countries must provide more funds to prevent the spread of the crisis, for example, to merge its two relief fund lending performance.
EU leaders will decide whether to merge the temporary and permanent funds in the summit held on the 31st to the 2nd. The draft conclusions obtained by Reuters show that they plan to urge the Group of Twenty in the expansion of the IMF funds.
taking into account the European response to the slow pace of the debt crisis, analysts believe the possibility of major progress in this meeting is very low.
theeconomist for Capital Economics (Capital Economics) Neil Shearing said: “Everything relating to Greece, the European crisis and prevent its spread, progress is expected very low.”
Tags: group, talks of the European debt crisis will be Twenty European debt crisis
