Ministers of the Group of Twenty urged Europeans to take action to resolve the crisis the euro (French)
Considered the governor of the Saudi Arabian Monetary Agency (central bank) Mohammed Al-Jasser, the crisis of sovereign debt in the euro area has become the first challenge of the global economy in the short term.
However, the Al-Jasser, who attended during the day Saturday and Friday meetings offinance ministers and governors of central banks in the Group of Twenty in Paris, he explained that he sensed the feeling among the leaders of the euro area the intention tofind a way out of the crisis experienced by the region.
He pointed out that this feeling is not in Saudi Arabia alone, but includes members of theGroup of Twenty.
Jasser and attributed this positive feeling to that Europeans appreciate the seriousness of the situation and they are determined to do what is necessary to protect the economy andthe European money markets, which would be reflected positively on the global financial markets.
He expressed optimism that the Europeans will take the European Union summit plannedin 23 decisions this month, will reassure the Europeans and the rest of the world's firstsecond.
Reassure economiesFor his part, said German Finance Minister Wolfgang Schaeuble - in an apparent attempt to reassure the world's economies - that the euro zone is determined to put a comprehensive package to resolve the debt crisis of the European before the next European summit.
He said the German minister, who spoke on the sidelines of the Group of Twenty Europeans are walking well to resolve the crisis, pointing out that among the steps that the European Stdmnha package expected to provide European banks with sufficient capital.
He added that the measures will include a solution to the problem of the Greek on the basis of the report of the committee known as the auditors of international troika, which includes experts from the International Monetary Fund and the European Central Bank and European Commission.
Will also include initiatives to improve fiscal policy in the euro countries, such as amending agreements including the European Union is struggling, "the dangers of infection," the economy.
Statement of the twentiethAnd agreed by the Group of Twenty final statement of the ministerial meeting on the advanced economies to contain budget deficits, and to continue to emerging economies such as China, the procedures for more flexibility in the exchange rate.
According to the statement, will the economies of emerging markets with surplus funds to accelerate the implementation of structural reforms towards more domestic consumption, supported by ongoing efforts to move towards exchange rate systems to be more dependent on market forces.
The Group of Twenty, which constitute 85% of the global economy must be provided with sufficient resources to the IMF, but ministers Erjúa any decision in this regard to the group's summit in Cannes, France on the third and fourth of November next.
Source: Agencies