Rich countries have promised to save the world economy
Baku, November 4 (AZERTAC). Country "twenty" with the budget surplus, including China, will take measures to stimulate demand for the domestic market. The mention of this in the draft final communique, prepared for the final meeting of the leaders of the "twenty". Meeting of leaders of major countries to resume work on Friday in Cannes.Countries with budget surpluses, the document says, are ready to take additional measures to support domestic markets in case of worsening economic conditions. As analysts note, first of all it refers to countries such as China. Such measures will help restore the balance of world markets and thus - for economic growth. The document also provides for the implementation of structural reforms, job creation and the abandonment of trade protectionism.
Virtually the entire day before the summit devoted to the crisis in the euro area and the situation in Greece. As the President of France Nicolas Sarkozy, "the discussions were difficult, the leaders closely monitor reports from Athens. They assessed the prospects for the Government of George Papandreou liabilities to partners in the euro area against the hourly changing of the political situation in the country. Today, the focus of discussions of" twenty "will be regulation of financial markets, excessive fluctuations in raw material prices and energy prices. The priorities of our chairmanship to formulate Mexico, ITAR-TASS reported.The second day of "twenty" will continue to work without Dmitry Medvedev. At night, the president of Russia has left Cannes at home to take part in the celebrations on the Day of National Unity. At today`s meeting of the Russian delegation will represent the presidential aide Arkady Dvorkovich and senior specialists of the Ministry of Finance. On the eve of a Russian head of state has been extremely busy schedule. Medvedev had to minisammit BRICS leaders and a bilateral meeting with President Hu Jintao, attended the business summit of the "twenty", as well as in a meeting with trade union leaders of the countries included in this consolidation.
Other news in this section
