(Washington)-the world's major economic powers commitment, launched a bold efforts to manage a long-term growth and the European debt crisis of the threats to the global economy to push another recession slowdown. But it is not clear whether the support they will cry also strong actions.
The group of 20 nations released a statement Thursday night, and the commitment of the countries, representative of the global economy, 85%, would do is necessary to restore financial stability and clam financial market again worry, slump on Thursday global recession.
The traditional economic powers such as the United States, Japan and Germany and China, Brazil and India and other major emerging countries are seeking financial officials showed strong determination, and hope it will calm sent financial markets of sharply lower concerns. The United States represented by finance minister cover Turner and federal reserve board chairman Ben bernanke discussion.
"We are taking strong action to safeguard the financial system is stable, restore confidence and support economic growth," 20 countries group issued a joint statement said. "We promise to take whatever action, in order to maintain banking system and financial market stability."
No reservation the group of 20 nations to issue a statement group, they work dinner, but in the global market turbulence on Thursday to the change in the plan. The group released a single page document, they hope will show enough determination.
Statement did not calm anxiety of investors. Last Friday a sharp drop in the European markets on Wall Street to open further to fall. In a new global economic recession increasingly worry in Asia, investors continue to sell a stock.
French finance minister francois Baroin told reporters statement represents a "strong global" response to what he called "the situation has been very serious."
In advance of the 187 countries to start of the international monetary fund (IMF) and its sister loan organization, the world bank's annual meeting issued a statement on Friday. Discussion, this will packing on Saturday, has been dominated the European debt crisis.
Introduce the reporters not to be named discussing a closed-door discuss senior Treasury official said, all the group of 20 countries feel a sense of urgency, take strong action to tackle the turmoil in financial markets.
Investors worry about Europe's debt crisis may disrupt the global economy in growth has slowed significantly due to rising oil prices, in the earlier this year, in the United States, is the world's largest economy slowed sharply time.
Last Thursday, the dow Jones industrial average price of stock index fell 391 points, the huge losses on Wall Street, which marks the second day in a row.
International monetary fund managing director, Christina's, the world is added to a "dangerous stage", the world bank President Robert zoellick said he still believe that the world can avoid double bottom recession ", but I in this faith confidence is weakening every day."
Greece default on its debt, next month unless it received from the 10.9 billion U.S. dollars, from the European central bank, the European commission and the international monetary fund management assistance funds instalments.
The default may destroy other financial upset of the European countries such as Portugal, Ireland, Spain and Italy,. It will also deal with the many European bank blow, this is the Greek government bonds hold.
Major emerging economies, including Brazil, India, China, Russia and South Africa said in a statement, they will "consider, if necessary, through the international monetary fund and other international financial institutions to provide support" to solve the European debt crisis. But the group desalination, they will be willing to buy troubled European government debt advice.
Cover Turner said, the United States has a huge interest in European success, see the group of 20 groups to discuss proposals, he put the United States in its use in the 2008 2009 financial crisis hiring and methods to expand the rescue fund Europe resources.
20 countries group communique said the rescue fund trying to increase the flexibility, and maximum exert its resources, but expounds the specific measures to achieve these goals.
Joint statement also said in the G 20 countries, plans to make "collective and bold action plan" to promote global economic growth and processing will in time for the 20 countries group leaders summit, including President Obama appearing out of government debt is high, France, on November 3-4. But, the communique did not reveal what will be the new action plan includes tips.
Has been trying to persuade the European financial market, it will have to prevent Greece, can cascade of debt to other European countries and the us have for a democratic unable to produce the stalemate between the long-term deficit reduction of catastrophic debt default and the role of the republican spending cuts and tax increases in the programme should be played.
In the face of congress on Wednesday announced the federal reserve, the ice, it will try to push down long-term interest rates, make consumer and business loans, $40 billion Treasury bills and long-term bonds transfer cheap. However, economists doubt, interest rates in the United States has come close to historic lows, this plan will do.




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