sobota, apríla 04, 2009

. 'stability, growth, jobs'

London belonged to one of the most spoken and most guarded cities in the world mainly because of meeting personal representatives of world’s strongest economies called Summit G20. A financial crisis, the word that brings a lot of questions about human future but only a few answers, was the main topic of the Summit G20 which took place in London’s ExCel Centre. This meeting was based on a recurrence to assume solutions what way help people and world economy from this worldwide crisis, caused mainly by the US. The summit lasted only a few hours and the representatives of the largest economies decided about generous boosts and brought new reforms for the financial sector. Leaders of the world’s largest economies have agreed a $1.1 trillion package of measures to restore growth and jobs and rebuild confidence and trust in the financial system; next ten hundred billions will be afford for the most destitute countries. He set out pledges like restore confidence, growth, and jobs; repair the financial system to restore lending; reform our international financial institutions; promote global trade and investment and reject protectionism. Then also principles to reform the global banking system included: bringing the shadow banking system, including hedge funds, etc. These solutions should decrease consequences of crisis but once upon the time …

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