Archive for the ‘G 20’ Category

DE CE PONTA VREA SĂ PARĂ (IAR!) TONTA? :)

Marți 18 Decembrie 2012

Am înţeles frecţia de „pact” care a isterizat presa făcătoare de servicii băsiste. E egal cu zero. 🙂

Am înţeles jocul cu UDMR, a binemeritat-o Kelemen – ca dovadă ridicolul situaţiei, declaraţia că votează împotriva unui guvern pentru care a declarat anterior că ar fi votat dacă făcea parte din el – ungurii chiar au o bună ocazie să-şi aleagă un preşedinte cu ţinută ca precedenţii, cu excepţia secuiului oportunist. A primit o lecţie binemeritată şi asta datorită PNL.

De fapt, PNL e adevărata opoziţie. 😆 Ca dovadă şi ejectarea generalului Izmană – sigur că duşmanii ar zice că Ponta a clocit-o cu Crin ca PNL să se opună, ca şi cu UDMR – măcar de-ar fi aşa!

Dar treaba cu ocrotirea opoziţiei cum a cerut Băşină, că adică Ponta zice că se întâlneşte săptămânal cu PD-L, MRU-iştii şi aiurelienii e, totuşi, un picuţ cam multuţ chiar şi pentru cei mai toleranţi.

Adică, Ponta vrea neapărat să-şi certifice renumele de Tonta. Atunci, să-i ia acasă, să le pună pampers, să le ia temperatura din fund, să asigure că Justiţia nu-i atinge nici cu o floare şi să se pupe Endependenţii cu Udrea, Boureanu, Videanu şi tot restul.

Deci, gata! Chiar vreum să ne bucurăm de Crăciun.

Au mai fost unii împuşcaţi. Ăştia trebuie doar judecaţi. 🙂

În frunte cu ăla pentru care v-am votat ca să-l daţi jos. Ce naiba, până şi lui Barroso îi e scârbă de el, a dovedit-o pe faţă. 😛

Altfel, dacă Ponta continuă să vrea să pară Tonta înseamnă că poate vrea să provoace ruptura de PNL şi să guverneze cu băsiştii.

Ceea ce ar însemna PNL, vreo 70% şi Crin, preşedinte rapid. Mie îmi convine. 😆

O FRANŢUZOAICĂ DIN PARTIDUL LUI SARKOZY, FAVORITĂ PENTRU ŞEFIA F.M.I., DUPĂ DEMISIA LUI STRAUSS-CAN-CAN

Joi 19 Mai 2011

Foto: New York Times

Dominique Strauss-Can-Can a demisionat din funcţia de şef al FMI, la scurt timp după ce trezorierul Guvernului SUA, Timothy Geithner, a declarat că arestatul e incompatibil cu funcţia.

Foto: BBC

Imediat, Europa şi-a revendicat continuitatea în funcţie, două voci puternice – cancelarul german Angela Merkel şi preşedintele Comisiei Europene, José Manuel Durão Barroso – pronunţându-se ferm în acest sens.

Favorită este franţuzoaica Christine Lagarde (foto 1), o cucoană ţapănă, ministru de Finanţe în guvernul Fillon, membră a partidului preşedintelui Sarkozy – care tocmai a scăpat de contracandidat. Lista candidaţilor la şefia FMI este (foto 2, de la stânga la dreapta):

  • Mohamed El-Erian, Egypt
  • Stanley Fischer, Israel
  • Gordon Brown, UK
  • Kemal Dervis, Turkey
  • Peer Steinbrueck, Germany
  • Montek Singh Ahluwalia, India
  • Christine Lagarde, France
  • Agustin Carstens, Mexico
  • Trevor Manuel, South Africa
  • Axel Weber, Germany

Între timp, bogătaşul de socialist, consumator de dame şi papagal fără egal a căpătat legitimaţie de puşcăriaş (foto 3) ) şi a schimbat apartamentul de protocol de la hotelul de lux din Manhattan (foto 4), cu o (pen)insulă în care se află închisoarea de maximă securitate unde e deţinut în costum portocaliu. Fără şireturi, că trebuie judecat.  

Sic transit gloria mundi!

Morala: Allez Sarko! 🙂

Video de psyduck200

Legendă: Carla e b(r)ună cât toate. 😀

G 20 SUMMIT – GLOBAL REFORM AND STILL AMERICAN WAY

Duminică 16 Noiembrie 2008

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Foto: Joyce N. Boghosian – White House

President Bush Attends Summit on Financial Markets and the World Economy
National Building Museum
Washington, D.C.

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Foto: Eric Draper – White House

2:11 P.M. EST

PRESIDENT BUSH: Welcome. Good afternoon. We just had a very productive summit meeting. Thinking about three weeks ago, when I was talking to President Sarkozy and Barroso at Camp David – some of you were there – I don’t think we could have predicted then how productive and how successful this meeting would have been.

The first decision I had to make was who was coming to the meeting. And obviously I decided that we ought to have the G20 nations, as opposed to the G8 or the G13. But once you make the decision to have the G20, then the fundamental question is, with that many nations, from six different continents, who all represent different stages of economic development – would it be possible to reach agreements, and not only agreements, would it be possible to reach agreements that were substantive? And I’m pleased to report the answer to that question was, absolutely.

One of the things we did, we spent time talking about the actions that we have taken. The United States has taken some extraordinary measures. Those of you who have followed my career know that I’m a free market person – until you’re told that if you don’t take decisive measures then it’s conceivable that our country could go into a depression greater than the Great Depression’s. So my administration has taken significant measures to deal with a credit crisis. And then we worked with Congress to deal with the credit crisis, as well.

We’re beginning to see some positive results. One of the things people around the table were interested in is, are you beginning to see the results of your actions? And our credit markets are beginning to thaw, having been severely frozen; businesses are beginning to get access to short-term credit. It’s going to take more time for the measures we have put in place to take hold. No question about that. As a matter of fact, we just started, for example, on the $700 billion fund to start getting money out to our banks. So it’s going to take more time.

But I was pleased to tell the folks around the table that the significant actions we’ve taken are beginning to work. All of us committed to continue to work on pro-growth economic policies. It’s phrased different ways – fiscal plans – but the whole point was, was that we recognize that, on the one hand, there’s been a severe credit crisis, and on the other hand, our economies are being hit very hard. And so there was a common understanding that all of us should promote pro-growth economic policy.

We also talked about broader reforms – so in other words, the discussions were focused on today and what we’re doing about it, but what are we going to do to make sure it doesn’t happen tomorrow.

One of the key achievements was to establish certain principles and take certain actions for adapting our financial systems to the realities of the 21st century. Part of the regulatory structures that are in place were 20th century regulatory structures. And obviously, you know, the financial industry went way beyond them. And the question is, how do we establish good regulatory structure without destroying the incentive to innovate, without destroying the marketplace.

Our nations agree that we must make the markets – the financial markets more transparent and accountable. Transparency is very important so that investors and regulators are able to know the truth – considered improving accounting rules, so that investors can understand the true value of the assets they purchase. We agree that we need to improve our regulations and to ensure that markets, firms, and financial products are subject to proper regulation and oversight.

For example, credit default swaps – financial products that ensure against potential losses – should be processed through centralized clearinghouses. That’s a significant reform. Heretofore, the credit default swaps were traded in over-the-counter, unregulated markets.

Yesterday the Working Group on Financial Markets, which is – which is obviously associated with the White House, announced an initiative to create these kinds of clearing houses. And I know that other nations are working on them as well. This process will help expedite credit default swaps and other types of instruments not being traded in unregulated, over-the-counter markets.

By bringing greater stability to this important sector, we will help with liquidity, but also mitigate risk.

Third, we agreed that we must enhance the integrity of the financial markets. For example, authorities in every nation should take a fresh look at the rules governing market manipulation and fraud to make sure that investors in all our countries are properly protected. We agree that we must strengthen cooperation among the world’s financial authorities. There was a lot of discussion about the International Monetary Fund and the World Bank, for example.

Leading nations should make regulations consistent. As well, we should reform the international financial institutions. Again, these institutions have been very important – the World Bank, IMF – but they were based on an economic order of 1944. And so to better – we agreed that to better reflect the realities of today’s global economy, both IMF and World Bank should modernize their governance structures. They ought to consider extending greater voting power and representation to developing nations, particularly those who have increased their contributions to the institutions.

All this is an important first step – in other words, this is a beginning of a series of meetings. People say, well, why don’t you have one meeting and, you know, call it Bretton Woods II. Well, Bretton Woods I took two years to prepare. I don’t know what you want to call this one, but whatever name comes from this meeting, it took three weeks to prepare. And so it makes sense to come out of here with a firm action plan – which we have.

It also makes sense to say to people that there is more work to be done and there will be further meetings, sending a clear signal that a meeting is not going to solve the world’s problems. A meeting will help begin a process so that we can say over time that we will have a regulatory structure in place that will make this less likely to happen in the future.

And so we’ve directed our finance ministers to work with other experts and consult with officials in other economies and then report back to the leaders with detailed recommendations. Whatever we do, whatever reforms are recommended, we need to be guided by this simple fact: that the best way to solve our problems and solve the people’s problems is for there to be economic growth. And the surest path to that growth is free market capitalism.

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Foto: Grant Miller – White House

Leaders at this summit agreed on some other matters of importance. One is to reject protectionism and refrain from erecting new trade barriers. This is a very important part of this summit. The temptation in times of economic stress will be to say, oh, trade isn’t worth it, let’s just throw up protective barriers. And yet that attitude was rejected, thankfully. And matter of fact, not only rejected, there is a determined effort to see if we can’t complete the modalities for Doha by the end of December.

One of the things I stressed as well is that the United States, in the midst of this financial crisis, will not abandon our commitments to people in the developing world; that the HIV/AIDS initiative, known as PEPFAR, will remain strong and vibrant; that our deep desire to significantly reduce malaria deaths in countries on the continent of Africa will not be diminished; that our obligation to help feed the hungry will not stop; that in the midst of all this turmoil and financial crisis, we will meet our obligations. These obligations are in our national security interests and our economic security interests and they in – are in our moral interests.

And so I will tell you that I thought this was a very successful summit. And they’re going to meet again. I keep saying „they” because some of you may not have heard yet, but I am retiring. But I told the leaders this: that President-Elect Obama’s transition team has been fully briefed on what we intended to do here at this meeting. I told them that we will work tirelessly to make sure the transition between my administration and his administration is seamless. And I told them that I hope he succeeds, that it’s good for our country that people see a peaceful transfer of power. And I hope it was good for them to hear that even though we’re from different political parties, that I believe it’s in our country’s interest that he succeed.

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Foto: Eric Draper – White House

So I want to thank you for giving me a chance to come and visit with you. Thanks for covering this summit. Goodbye.

END 2:23 P.M. EST

SUMMITUL G 20 – OBIECTIVE, PRINCIPII, PLAN DE ACŢIUNE

Duminică 16 Noiembrie 2008

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President Bush And World Leaders Agree On The Washington Declaration
To Address Current Financial Crisis

Today, President Bush and world leaders gathered for the first in a series of meetings to discuss efforts to strengthen economic growth, deal with the financial crisis, and to lay the foundation for reform to help to ensure that a similar crisis does not happen again. Since the outbreak of this crisis, the world’s leading nations have coordinated actions more closely than ever before. Thanks in large part to these decisive measures, once frozen global credit markets are beginning to thaw and businesses around the world are gaining access to essential short-term financing. This problem did not develop overnight, and it will not be solved overnight. No single nation will be able to fix this crisis, but with continued cooperation and determination, it will be solved as long as we are steadfast in our commitment to reforming our financial sectors and maintaining free and open markets.

  • Today’s Summit achieved five key objectives. The leaders:
    • Reached a common understanding of the root causes of the global crisis;
    • Reviewed actions countries have taken and will take to address the immediate crisis and strengthen growth;
    • Agreed on common principles for reforming our financial markets;
    • Launched an action plan to implement those principles and asked ministers to develop further specific recommendations that will be reviewed by leaders at a subsequent summit; and
    • Reaffirmed their commitment to free market principles.
  • The leaders agreed that immediate steps could be taken or considered to restore growth and support emerging market economies by:
    • Continuing to take whatever further actions are necessary to stabilize the financial system;
    • Recognizing the importance of monetary policy support and using fiscal measures, as appropriate;
    • Providing liquidity to help unfreeze credit markets; and
    • Ensuring that the International Monetary Fund (IMF), World Bank and other multilateral development banks (MDBs) have sufficient resources to assist developing countries affected by the crisis, as well as provide trade and infrastructure financing.

The Leaders Agreed On Common Principles To Guide Financial Market Reform:

  • Strengthening transparency and accountability by enhancing required disclosure on complex financial products; ensuring complete and accurate disclosure by firms of their financial condition; and aligning incentives to avoid excessive risk-taking.
  • Enhancing sound regulation by ensuring strong oversight of credit rating agencies; prudent risk management; and oversight or regulation of all financial markets, products, and participants as appropriate to their circumstances.
  • Promoting integrity in financial markets by preventing market manipulation and fraud, helping avoid conflicts of interest, and protecting against use of the financial system to support terrorism, drug trafficking, or other illegal activities.
  • Reinforcing international cooperation by making national laws and regulations more consistent and encouraging regulators to enhance their coordination and cooperation across all segments of financial markets.
  • Reforming international financial institutions (IFIs) by modernizing their governance and membership so that emerging market economies and developing countries have greater voice and representation, by working together to better identify vulnerabilities and anticipate stresses, and by acting swiftly to play a key role in crisis response.

Our Nations Will Continue To Take The Right Steps To Get Through This Crisis

The leaders approved an Action Plan that sets forth a comprehensive work plan to implement these principles, and asked finance ministers to work to ensure that the Action Plan is fully and vigorously implemented. The Plan includes immediate actions to:

  • Address weaknesses in accounting and disclosure standards for off-balance sheet vehicles;
  • Ensure that credit rating agencies meet the highest standards and avoid conflicts of interest, provide greater disclosure to investors, and differentiate ratings for complex products;
  • Ensure that firms maintain adequate capital, and set out strengthened capital requirements for banks’ structured credit and securitization activities;
  • Develop enhanced guidance to strengthen banks’ risk management practices, and ensure that firms develop processes that look at whether they are accumulating too much risk;
  • Establish processes whereby national supervisors who oversee globally active financial institutions meet together and share information; and
  • Expand the Financial Stability Forum to include a broader membership of emerging economies.

The leaders instructed finance ministers to make specific recommendations in the following areas:

  • Avoiding regulatory policies that exacerbate the ups and downs of the business cycle;
  • Reviewing and aligning global accounting standards, particularly for complex securities in times of stress;
  • Strengthening transparency of credit derivatives markets and reducing their systemic risks;
  • Reviewing incentives for risk-taking and innovation reflected in compensation practices; and
  • Reviewing the mandates, governance, and resource requirements of the IFIs.

The leaders agreed that needed reforms will be successful only if they are grounded in a commitment to free market principles, including the rule of law, respect for private property, open trade and investment, competitive markets, and efficient, effectively-regulated financial systems. The leaders further agreed to:

  • Reject protectionism, which exacerbates rather than mitigates financial and economic challenges;
  • Strive to reach an agreement this year on modalities that leads to an ambitious outcome to the Doha Round of World Trade Organization negotiations;
  • Refrain from imposing any new trade or investment barriers for the next 12 months; and
  • Reaffirm development assistance commitments and urge both developed and emerging economies to undertake commitments consistent with their capacities and roles in the global economy.

DELEGAŢII LA SUMMIT G 20, INIŢIAT DE PREŞEDINTELE BUSH

Duminică 16 Noiembrie 2008

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Argentina:

Cristina Fernandez de Kirchner – President, Carlos Fernandez – Minister of Finance, Hector Timerman – Sherpa,  Jorge Taiana – Deputy Minister of Finance

Australia:

Kevin Rudd – Prime Minister
Wayne Swan – Treasurer
David Tune – Associate Secretary (Sherpa)
Michael Callaghan – Special Envoy to the International Economy

Brazil:

Luiz Inacio Lula da Silva – President
Guido Mantega – Minister of Finance
Marcos Galvao – Deputy Minister of Finance
Antonio Aguiar Patriota – Sherpa

Canada:

Stephen Joseph Harper – Prime Minister
James Flaherty – Minister of Finance
Leonard John Edwards – Deputy Minister of Foreign Affairs (Sherpa)
Tiff Macklem – Deputy Minister of Finance

China:

Hu Jintao – President
Wang Qishan – Vice Premier
Xie Xuren – Finance Minister
He Yafei – Sherpa

France:

Nicolas Sarkozy – President
Christine Lagarde – Finance Minister
Francois Perol – Deputy Chief of Staff
Jean-David Levitte – Sherpa

Germany:

Angela Merkel – Chancellor
Peer Steinbrueck – Minister of Finance
Jens Weidmann – Sherpa
Joerg Asmussen – Deputy Finance Minister

India:

Manmohan Singh – President
Palaniappan Chidambaram – Finance Minister
Montek Singh Ahluwalia – Sherpa
Ashok Chawla – Deputy Finance Minister

Indonesia:

Susilo Bambang Yudhoyono – President
Sri Mulyani – Finance Minister
Anggito Abimanyu – Deputy Finance Minister
M. Chatib Basri – Sherpa

Italy:

Silvio Berlusconi – President
Giulio Tremonti – Minister of Finance
Vittorio Grilli – Deputy Minister of Finance
Giampiero Massolo – Sherpa

Japan:

Taro Aso – Prime Minister
Shoichi Nakagawa – Minister of Finance
Masaharu Kohno – Sherpa
Naoyuki Shinohara – Vice Minister of Finance

Mexico:

Felipe Calderon Hinojosa – President
Agustin Carstens Carstens – Minister of Finance
Patricia Espinosa Cantellano – Sherpa
Alejandro Warner Wainfeld – Deputy Finance Minister

Netherlands (representing the European Union):

Jan Peter Balkenende – Prime Minister
Jan Cornelis de Jager – Minister of Finance
Jan Theopile Versteeg – Sherpa
Martinus Verwey – Deputy Minister of Finance

Republic of Korea:

Lee Myung-bak – President
Kang Man-Soo – Minister of Strategy and Finance
Ahn Ho-young – Sherpa
Shin Jeyoon – Deputy Finance Minister

Russia:

Dmitry Medvedev – President
Aleksey Kudrin – Minister of Finance
Arkady Dvorkovich – Sherpa
Dmitry Pankin – Deputy Minister of Finance

Saudi Arabia:

King Abdullah Bin Abdulaziz
Saud Al-Faisal – Minister of Foreign Affairs
Ibrahim Al-Assaf – Minister of Finance
Hamad Al-Sayari – Governor of SAMA

South Africa:

Kgalema Motlanthe – President
Trevor Manuel – Minister of Finance
Kulu Mbatha – Sherpa
Elias Lesetja Kganyago – Deputy Finance Minister

Spain (representing the European Union):

Jose Luis Rodriguez Zapatero – President
Pedro Solbes – Minister of Finance
David Vegara – Sherpa
Marek Mora – Deputy Minister of Finance

Turkey:

Recep Tayyip Erdogan – Prime Minister
Nazim Ekren – Minister of State and Deputy Prime Minister
Mehmet Simsek – Minister of State
Selim Kuneralp – Sherpa

United Kingdom:

Gordon Brown – Prime Minister
Alistair Darling – Minister of Finance
Jonathan Cunliffe – Sherpa
Stephen Pickford – Deputy Finance Minister

United States:

George W. Bush – President
Henry Paulson – Secretary of the Treasury
Daniel Price – Sherpa
David McCormick – Under Secretary of the Treasury for International Affairs

European Union:

Jose Manuel Barroso – President, European Commission
Joaquin Almunia – Commissioner
Joao Vale de Almeida – Sherpa
Marco Buti – Deputy Finance Minister

World Bank:

Robert B. Zoellick – President
Ngozi N. Okonjo-Iweala – Managing Director

United Nations:

Ban Ki-Moon – Secretary-General
Kemal Dervis – Administrator, UN Development Program

International Monetary Fund:

Dominque Strauss-Kahn – Managing Director
John Lipsky – Deputy Managing Director

Financial Stability Forum:

Mario Draghi – Chairman
Svein Andresen – Secretary General