Xinhua News Agency said the Minister of Labour and Social Welfare of Mexico, Rosalinda Beilei Si said labor and employment ministers of the G20 member countries agreed to promote high-quality employment is significant, including “green growth” help to reduce the social inequality and creating more formal jobs. States need to ensure that every worker has an equal chance to enter the job market, the need to improve the existing social security system. Delegates also agreed to strengthen measures to solve the employment problems of young people.

U.S. Labor Secretary Hilda Solis said that the key to labor and employment role of the Council of Ministers. The G20 members have felt the pressure of the unemployment of young people, youth unemployment is not only a matter of social security issues, and also to the entire future of the world.

Mexican President Felipe Calderon speech at the closing ceremony, said the current global economic trends and the employment situation is still not optimistic, for the G20 in Mexico during the Presidency of the main discuss how to reshape the stability and restore economic growth, which is create more and better employment opportunities.

the Group of Twenty summit will be from 618 to 19 south to California coastal city of Los Cabos in Mexico was held.

the latest opinion poll in Germany showed that the majority of German in favor of Greece out of the euro. German TV station commissioned pollsters of 1000 respondents of the survey results show that two-thirds of the German crisis-ridden Greece should voluntarily leave the euro zone. Only 23% of respondents believed that provide funding to Greece is the right choice.

European politicians are no longer denied that Greece out of the euro, this discussion of the restricted area has been to break the reality. Hollande’s first visit to Germany on the 15th, the new French president and German Chancellor Angela Merkel, specifically on the Greek situation were urgent consultations. Both sides expressed hope that Greece remain in the euro area. Hollande said he hoped the Greek general elections again, to strengthen the ownership of the euro area. Whatever happens, he will respect the decision of Greece. Merkel said Germany and France will do its utmost to help Greece achieve growth, but Greece must comply with the agreements already reached.

Greece out of the euro may have serious consequences for the EU and other countries of the euro area. German economic weekly “other euro area countries has launched two rescue spending huge sums to Greece and the European Central Bank has purchased a large number of Greek government bonds at this time Greece announced its withdrawal from the euro, other countries of the euro area direct economic losses of up to 275.9 billion euros (about 350.4 billion U.S. dollars), of which Germany lost about 76.6 billion euros (about 97.3 billion U.S. dollars). In addition, the IMF has Greece to pay tens of billions of euros of aid may be “bad deal”.

Greece out of the euro is undoubtedly a huge impact on the national economy. Shortly Greek drachma national currency replaced by the euro, devaluation of national currency to promote exports, reduce the deficit, but doing so will result in import prices, pushing up inflation, reducing the real income of the residents. The biggest challenge may be the investors did not dare again the Greek loans, Greece lose the ability to raise funds from the capital market.

Germany the chief economist Holger Schmid small, said: “The Greek national currency than the euro good view of pure ignorance. “He pointed out that Greece out of the euro is just the beginning of the disastrous consequences. Once the exit of Greece, may cause a huge chain reaction. Because of fear of Spain or Italy and other countries problems, market investors will sell the national debt, thereby pushing up interest rates in these countries, thus threatening the entire euro zone stability.

for the euro area can not stand the problems of Greece to abandon the euro, German Finance Minister Sch?uble stressed over the past two learned a lot from the debt crisis in Europe, the establishment of the euro protection mechanisms. The euro area a country’s risk of contagion of his country to reduce the euro area have stronger anti-contagion capacity.

Germany’s Commerzbank experts Vail also believes that the current euro zone, the temporary relief mechanism of the European financial stability mechanism and permanent relief mechanism of the European stability mechanism to fully meet the needs of China and Spain and Italy by 2014 required about 700 billion euros (about $ 889 billion) of funds. If the market is worried about the upgrade, the ECB can also buy more government bonds.

Greek eventual exit from the euro, depending on Greece itself. 617 day re-election, the new Greek government refused to accept the salvage agreement has been reached, refused to proceed with fiscal austerity and economic reform, the EU and the IMF will have to consider to cut off aid to Greece, “famished” Greece will move toward national bankruptcy and was forced to withdraw from the path of the euro area.

was founded in 2004, Facebook now has more than 900 million active users of. Being sought in the roadshow process, the mask several times in the listing before expanding the scale of public financing. Facebook will be the 15th issue price range from $ 28-35 U.S. dollars per share, adjusted to 34-38, the issue number of shares increased by 25 percent to 421 million shares. Issue price of $ 38 per share calculation, Facebook listed a total financing of $ 16 billion total market capitalization of over 100 billion U.S. dollars.

Facebook Founder and CEO Mark Zuckerberg on the 18th morning at Facebook headquarters in California, rang the opening bell of the day. Listed landmark for the development of the mask, but not the ultimate goal, “to make the world more open and contact” is the mask, the ultimate goal, he said.

high-profile mask listed originally planned to start trading at 11:00 U.S. Eastern time, but due to technical problems led to some traders encounter problems when you modify and cancel orders, Facebook ultimately postponed for about half an hours to begin trading. Listed on the opening price of $ 42.05 per share, up 10.7 percent from the issue price of $ 38 per share. But half an hour after the commencement of trading, the stock price began to fall, the stock prices of most of the day hovering near the $ 38 issue price.

mask after the listing of stock trading activity, only 30 seconds after start trading, trading volume will be up to 820 million shares, all-day trading volume of nearly 580 million shares, a record listed on the first day of the highest trading volume.

after the listing for the mask did not work as expected as rose, investors said that excessive pricing to market is an important cause. Of 2011 Facebook full realization of revenue of $ 3.7 billion, net profit of $ 1 billion, $ 38 per share issue price, up to 100 times earnings.

mask the operating income of $ 3.7 billion, more than 80% from the online advertising business, New York University Stern School of Business associate professor Aningdeya Gauss told reporters that the remaining 20% about the revenue derived from non-advertising business, to mask the future development of the strategic direction of the business more diversified sources of income, in particular, should seize the opportunity of mobile device platforms.

report, on behalf of the economic growth of the Argentine economic activity index period last year and ring were significantly increased by 4% and 0.5%, since 28, the lowest growth rate, showing that the Argentine economic slowdown trend obvious. A National Bureau of Statistics figures released by the Argentine economic growth of 8.9%.

report said that despite this the first quarter of Argentina’s economic growth rate dropped significantly, but other economic indicators as a whole is still good. 3 of this before, Argentina’s tax revenue of 148.49 billion pesos (about $ 33.29 billion), and go over the same period increased by 29.1%. In addition, this first quarter of Argentina’s foreign trade surplus reached $ 2.969 billion, also higher than the level of go over the same period.

Government of Argentina to predict the whole of the country’s economic growth rate will reach 5.1% this, but most of the research institutions and economists believe that the Argentine economy this rate of economic growth between 3.4 to 4%, and show high to low trend.

Schaeuble said in an interview with French radio station made the above remarks. He said that EU countries have introduced the important decisions, faster recovery of market confidence than people imagine. Previously, French Economy, Finance and Industry Minister Francois Baroin said, the debt crisis of Europe caused by the turmoil in financial markets will continue for four to five time.

said, Germany, Greece stay within the euro zone, but this requires Greece to fulfill the required responsibilities to ensure that the economic return to the track of healthy development. He stressed that the reform program the purpose of the European Union, the European Central Bank and the International Monetary Fund (IMF) for Greece to overcome the crisis developed in order to implement harsh austerity policies, but in order to help Greece in 10 to restore the balance of public finances.

German Finance Minister after Hollande elected President of France, the France and Germany, the prospects for cooperation expressed optimism, he thought that the Franco-German cooperation will not be any election results.

He also said that Germany could discuss any new initiatives, but not to renegotiate the financial contract, any election results are difficult to overthrow the agreement has been signed or committed to. Germany insist on deficit reduction, the purpose is not to restrain economic growth, but support growth. Germany will be open to any plan aimed at accelerating economic growth, expanding employment, euro area Member States need help to improve the euro area the status quo to discuss these plans.

French President Fran?ois Hollande, the oath of office on the 15th, then went to Berlin to meet German Chancellor Angela Merkel. Both sides have pledged cooperation to overcome their differences, looking to promote the growth path in Europe, expressed the hope that Greece remain in the euro area, and will provide help. But the differences between the two sides still exists. Hollande said that the proposed renegotiation of “financial contract” in order to join the terms of the promotion of economic growth.

, consider themselves stimulus

President Obama will be in tomorrow’s G8 summit in Europe to solve the debt crisis can be to take “concrete” action.

Obama’s National Security Adviser Tom Donilon said, save to make the final decision of the euro area will be European leaders. He also noted that the EU summit will be held in 523 day.

Donilon, the day before the G8 leaders arrived at Camp David, said: “The United States welcomes Europe to discuss and debate the need to promote employment and growth. The outcome of the discussions of the European economy and the measures taken by the United States the stakes are very large. EU as a whole, of course, is the largest U.S. trading partners. “

tomorrow, Obama will be the first held in the White House and the new French president, Francois Hollande The first meeting, then went to Camp David. Hollande won the election because of the commitment to the European fiscal policy focus from tightening re-turned to economic growth.

Barack Obama recently said that he proposed in 2009 to implement the stimulus measures to help the U.S. economy resumed moderate growth, to avoid the difficult financial situation in Europe.

Donilon said Obama welcome the discussion of growth-oriented policies, but does not intend to use Hollande and German Chancellor Angela Merkel, the differences on this issue. Merkel is a supporter of the austerity measures.

Chinese Deputy Permanent Representative, United Nations Headquarters in New York urged the international community to unite and build a global partnership to promote world economic growth and financial stability.

the 66th United Nations General Assembly held from 17 to 18 high-level discussion of the world economic and financial conditions. Wang Min, said at the meeting that day, the profound impact of the international financial crisis have not been eliminated, the global economic recovery is weak, the situation is still severe and complicated. The United Nations is to in the the cope with the economic and financial crisis, promote the the aspects of of international development cooperation to play an important role. The international community should continue to unite as one to build global partnership for development, to promote world economic growth and financial stability, to contribute.

king of democracy should be to make recommendations to the General Assembly on the following four aspects: first, to a clear direction to help developing countries to achieve development. The international community should increase efforts to promote the development of developing countries to establish a fair and effective global development system, and strengthen development agencies to increase development resources to fully implement the United Nations Millennium Development Goals; second, to be focused, and actively improve global economic governance. The global economic governance should reflect the changes in the pattern of the world economy, thus contributing to the countries to strengthen coordination and cooperation to effectively respond to the challenges; Third, we must take measures, a vigorous defender of the multilateral trading system. Should continue to promote economic globalization, effective implementation of the commitments already made, and resolutely oppose and jointly resist protectionism in all forms, developing countries, especially least developed countries open their markets, reduce or eliminate tariffs and promote the establishment of a balanced, inclusive, win-win multilateral trading system; Fourth, focus on their own, positive change in the mode of economic development. To achieve sustainable economic growth is the inevitable requirement to promote economic recovery and long-term development.

Wang said China will continue its efforts in three aspects of “steady growth, adjust the structure; control prices and improve people; grasping reform, to promote harmony”. He said China will strive to build long-term mechanism to expand domestic demand, accelerate economic restructuring and development of strategic the the emerging industries to speed up the development of the service sector, urban and rural development, promote regional benign interaction and coordinated development.

he said, China will continue to uphold the people’s livelihood priority to promote employment and accelerate the improvement of the social security system, accelerate the development of various social undertakings, and strive to make the benefits of development to all the people, promote social fairness and justice. Meanwhile, China will deepen reform of the finance, taxation, prices, income distribution, corporate efforts to achieve new breakthroughs in key areas and crucial links, and comprehensively promote the institutional, technical, management innovation, and focus on the development of endogenous motivation and inherent vitality.

continue to be subject to concerns about weight, 18 international oil prices fell again in New York and London oil prices for the third consecutive weekly decline.

the day, Europe is still the focus of the market. The previous trading day, the international rating agency Fitch lowered Greece’s sovereign debt rating. Greek political instability, economic weakness and again downgrade the risk exacerbate the concerns of investors in Greece may withdraw from the euro zone. Members of the European Commission responsible for trade, also said the same day, the EU is to develop an emergency plan of the Greek out of the euro. The news intensified the sell-off.

In addition, the Spanish banking system in trouble. Ban Nokia, Spain’s fourth-largest bank, Bank within a week suffered depositor payment of one billion euros. Moody’s Investors Service on the 17th, down 16 Spanish bank ratings, the Spanish banking system’s health is worrying. The analysts believe that European issues continue to risk aversion among investors sentiment, lack of confidence led to the fall in oil prices. In addition, the Group of Eight will soon hold a meeting this weekend, how to deal with the the the European debt crisis will be the main topic. Analysts say that investors take caution before the meeting, the buying pressure.

the same time, the economic data recently published by the United States is not satisfactory, coupled with investors worried about China’s economic slowdown , and let the market bearing pressure.

to the close of the day of light sweet crude for delivery in the New York Mercantile Exchange fell $ 1.08 to close at $ 91.48 a barrel, down 0.27 percent, closing price for a total of 10 copies, the lowest since . The week, New York oil prices fell $ 4.65, down 4.84 percent.

7 delivery Brent crude fell 35 cents to close at $ 107.14 a barrel, the week down $ 5.12, down 4.56 percent.

With the new round of European debt crisis comes, the blue chip index has been significantly lower for five consecutive trading days, to the end of the week than this mid high, fell about 12 percent.

17, the international rating agency Fitch Greece long-term local and foreign currency bond rating from B-level lowered to CCC grade, another rating agency Moody’s downgraded 16 of the Bank of Spain, the Spanish banking sector The crisis has deepened.

Barclays Bank’s closing price fell 3.19 percent, the bank’s exposure to large debt of Spain, approximately 26 billion pounds, while Spain is European debt crisis the spread of priority countries.

state-owned British bank Lloyds TSB Bank and Royal Bank of Scotland closing price fell by 6.15% and 5.08%, led lower by the day of the London stock market. The banking sector in the past three cumulative decline of about 30%.

global economy in the European debt crisis in the shadow of the future is uncertain, and base metals producer shares are lower. The mining company XSTRATA closing price fell 4.34 percent, at the Losers. The international mining giant Rio Tinto fell 2.35 percent.

the financial markets a new round of turmoil brought about higher gold prices of hedging instruments, the Russian precious metals producers POLYMETAL closing price rose 2.83 percent the day the market The biggest winner. The silver the manufacturer fresse Nello company closing price rose 2.11 percent, row or second place.

the day’s other two major European markets were also lower. Paris, France CAC40 stock index closed at 3008 points, down 3.39 points from the previous trading day, a decrease of 0.13%. Frankfurt, Germany’s DAX index closed at 6271.22 points, down 37.74 points from the previous trading day, a decrease of 0.6%.

as a Chinese spokesman, the China Association of Resources Comprehensive Utilization of Renewable Energy Professional Committee chairman Li Junfeng, the U.S. Commerce Department regardless of the global photovoltaic technology advances, the fact that the cost of large-scale production fell, despite the fact that the vast majority of PV companies in China in accordance with the rules of market economy, production, preliminary results neither reasonable nor rational, trade protection is not in line with market economy behavior. He called on related PV companies in China should be positive appeals, and actively communicate with the U.S. Department of Commerce and Trade Commission, urged to withdraw the unfair ruling.

said Li Junfeng, the U.S. government on China solar cell and module manufacturers to impose countervailing and anti-dumping duties, but also by opposition from the majority of American industry organizations and enterprises, “since the start of the double reverse procedure, the Commission coordination in consultation with the American Solar Energy Society, and DuPont, Dow Corning, First Solar, solar energy companies several times to persuade the U.S. Department of Commerce do not make irrational decisions, but the U.S. Commerce Department still insisted on the position and policy of trade protectionism. “

conference, Securities Times reporter interviewed some of the participating representatives of the domestic photovoltaic enterprises, the delegates are mostly preliminary results expected. Juli New Energy Co., Ltd. International Business Unit Manager, said the child thread, the impact of the U.S. anti-dumping investigation on the company yet, due to the company’s major customers located in Europe and Australia. Henderson electricity a person in charge claimed that the company’s products are mainly exported to Europe, but also started to worry the European countries will not affect US-China anti-dumping investigations.