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Citdiel Investment APP Reviews G20 Group of Twenty Agreed not To Agree Group of Twenty summit concluded in the South Korean capital Seoul on the agreement of the participants .. lack of agreement.
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Despite the pursuit of consistency across the Group to restore unity that emerged during the global financial crisis that hit the global economy, two years ago, but deep divisions showed that the leaders can not go beyond what was agreed upon and finance ministers last month. Despite the confirmation of President Barack Obama in a press conference after the conclusion of the summit that there was no disagreement between the members of the group as hesitant, as if he implicitly criticized the journalists of exaggerating the talk about http://binaryapp-810.co/citidel-ltd-investment-app-review-is-citidel-ltd-app-scam between members of the group, and had to if he were saying: «otherwise! Any disagreement? »But the news, which was run from the top, used to say that the negotiators have been working so.
The early morning hours to reach an agreement can be ratified by all their leaders despite the sharp differences that have emerged in the days preceding the summit. An official involved in the negotiations: «This was not a festival of love».
And has resulted in «this festival» for a final statement seemed a diplomatic compromise, but a clear agreement to disagree, and it seemed as if the group wants to show one playing a melody or a symphony one but really, what to expire «concert Seoul», so that there will be another play !. The leaders of the Group of Twenty has only to renew their commitment to work together to revive the global economy, but without achieving real progress because of China and the United States is keen not to approve any action that could harm the Among the big issues of contention between the first and the second economy in the world «otherwise Currency» or «currency war», and in this context, the leaders of twenty countries agreed to refrain from any «competitive cuts» in their currencies and to «encourage the exchange rates of the market play a bigger role in identified ».
Although the US accusations of China of manipulating its currency, the «America's Chen currencies undeclared war on China», he said «Middle East» Professor Ian, an economist, the Royal Institute of International Affairs in London (Chatham House). He said that Prof. Big step «US Federal Reserve» to pump $ 600 billion within this undeclared war. But the move received no objections only China, but Germany was (and is supposed ally America) more critical of the US for the step, and in this context, Professor Begg to say: «Germany and China do not differ economically, they depend on exports, and they have a large trade surplus .. two closer to the two sisters! ».
Obama in Seoul have tried to minimize differences with the image of Germany and China over trade and currency issues, especially where the description of German Chancellor Angela Merkel and Chinese President Hu Jintao for «real friends».
Obama said the countries that have a surplus in the trade balance should move away from what he called the «export unhealthy» and strengthen domestic demand and in reference to Japan, Germany and China.
On the other hand, the US president stressed the need to «reflect economic realities currency exchange rates», pointing out that China paid large sums of money in order to keep low values for the disbursement of its currency.
And it warned rich nations and major emerging at the end of the twentieth summit of follow «uncoordinated» economic policies will be dire consequences «everyone».
And agree to dilute commitment to monitor the serious imbalances in trade balances, but they did not give investors little evidence that the world is safe from economic disaster proof. They said that «the growth is uneven and a growing imbalance tendency to abandon the common solutions for the benefit of uncoordinated movements» arguing that to do with «economic steps uncoordinated can only make the situation worse for everyone». However, the tone was much more cautious for the procedures owed the process in this regard. But they contented themselves with repeating a previous commitment to do so cut and finance ministers at the end of October (last October) during a meeting in South Korea. The economist said Elie Cohen told the French press brief situation: «It is a summit of the Group of Twenty for nothing. All there is to it as long as we are talking, we are not fighting a war. » Director General of the International Monetary Fund Dominique Strauss was also considered - was in Seoul in this regard - it is still on the countries of the Group of Twenty to learn how to cooperate with each other. He told reporters that the development of the Group of Twenty similar to the evolution of the European Union, which learned the State to collaborate even if «were not interested in it very much.» He continued: «Now we were moved to the post-crisis period, even if some of the problems that still exist! States are no longer wish to cooperate very much! It has become preoccupied with the first place policies. » For his part, in the face of severe criticism of the United States because of the measures taken to revive the economy started!
Obama denied any selfish in the US recovery plan during the summit, stressing repeatedly that the US economic recovery will reflect positively on solid global growth. However, many of its partners at the forefront of China and Germany http://itdecs.com/reviews/citidel-investment-app-review-is-citidel-ltd-app-scam-or-not first two states in the world!
Strongly condemns the action «Fed» criticized (US central bank) last week to pump about six hundred billion dollars of liquidity into the US economy. The Chinese President Hu Jintao, who is keen more than ever on the tremendous economic growth and the maintenance of his country! Presented the plan to his counterparts from four points aimed at ensuring «strong, sustained and balanced global growth»! But without any commitment to my work on reducing the huge Chinese trade surplus.
It was Hu Jintao pledged last Thursday in front of Obama to continue to review the price of the yuan in response to the demand of American policy salt! But he warned that this could only be done under the «favorable external environment» and gradually. At the level of the financial system adjust according to the commitment made by twenty countries last year on the occasion of previous summits! Group leaders said they will apply the «fully» new banking recommendations by organizations known as Basel 2 on behalf of the Swiss city where approved! And to strengthen the sector caused the worst crisis the world has seen since the Great Depression of the thirties. At the end of the Seoul summit, which was the fifth since December (December 2008) he received French President Nicolas Sarkozy's presidency of the Group of Citadel Investment APP Twenty.
It is interesting that the summit, to be held in the third and fourth of November (November 2011) will be at the Palais des Festivals in Cannes, southern France, the Cannes Film Festival is being annually, also confirmed yesterday he told AFP David Lesnar assistant mayor of the city. It seems that Sarkozy, who loves the spotlight pre-empted the «ceremony» full year later, where he pledged to take over his duties to «responsibility and realistic», stressing that the projects that his country intends to implement this occasion «enormous».