Paris (Reuters)-the "group of 20 finance ministers and the world's largest economies of central bank governors held the meeting in Paris last Friday, need to find a solution, so as to deepen the eurozone debt crisis, have spread the global recession worries.
Emphasis on European policymakers challenge, standard &poor's cut Spain's long-term credit rating, reason is the country's high unemployment, the credit crunch and high debt of the private sector.
"This conference will be in the success of the G20's priority, the euro zone under the background of the stability of the elements, a place in France the Treasury sources said."
The French and German officials for meat out a solution to the crisis plan time for October 23 of the European Union summit bones.
There may be other- Greek damage a default concerns may cause for the financial system have since late July, promote the market since the volatility of the global market fell sapping round confidence from their 2011 high 17%, in May.
With impatience, more and more of the crisis, and for all over the world, from outside influence of the group of financial executives expected, to be honest.
The euro zone 20 countries group representatives say: "the meeting is one of the important station before (G20 summit) cannes film festival and a precious opportunity and the euro zone under pressure,".
Canadian finance minister FeiHai mention set the tone, told reporters on Thursday night, Ottawa, the euro before leave what is action.
Japan will urge its European partners, to support the African continent, the ministry of finance minister jin bank prince speak candidly.
Division of the risk
Don't like 2009, the launch of the stimulation of unified lati (to pull out, this BBS world crisis in the rest of Europe is in more than a debt crisis in Greece, began two years ago the division of the world of dithering chafes risk, and for Washington to Beijing of the yuan's exchange rate SPAR.
Paris and Berlin have agreed on how to take time to bank transfers, and Germany to a second round of Greek bond holders of losses, Paris is not willing. The euro's two heavyweights too to euro area joint issue bonds idea different, Germany do not want to see a rise in the cost of its debt.
France and Germany's project may request the crisis bank accept their Greek debt on a huge loss of, should be worked out a troubled bank capital injection system, its exposure to Greece has been pounding the concerns of the bad of the shares.
In its core will be how to increase the EFSF assistance funds fire of the agreement, also should set a timetable, accelerate economic coordination, strengthen governance and to balance the budget, clear national laws.
A key problem, although the EFSF resources to cope with Greece, Portugal and Spain's aid, will need to rescue, such as Italy and Spain of a larger economy submerged.
Two countries, the European Union after the third and the fourth largest economy, were seen their push bond yields high public and private debt levels and growth of the concern about the weak market.
In Spain, some Banks are seen as the housing bust, countries still is after blasting of the Labour market reforms in the struggle fragile.
"Although economic performance in the 2011 years of resilience, we see signs of Spain's growth prospects improve risk because of high unemployment, the more strict financial conditions, the private sector is still very high debt levels may be the main trading partners in the Spanish economy slows," standard &poor's said.
Last week the fitch competitors country's long-term credit rating agencies downgraded to grade AA-from AA mirror a similar for move.
The group of 20 nations may pertain to the bulletin and in on Saturday night news conference at the end of the euro crisis, but other material may be signed in inches
China may provide growth, no yuan move
This week's talks are likely to the green light to regulators, be regarded as "too large to fail" new rules, to bank, including capital surcharge, due to the cannes film festival for ratification.
However, the more big goals, such as the parameters set to measure the global economic imbalances and curb commodity market volatility and the speculative capital flows of any specific progress is not possible, before November 3 to 4 summit in cannes, France through the G20's baton to Mexico.
The ministry of finance sources say, the French cannes film festival, hope to have two or three appear not to balance countries agreed measures: for those who have surpluses of high deficits and stimulus measures, the consolidation of the measures.
"We are trying to make some progress, and achieve, maybe not tomorrow or on Saturday, but the cannes film festival, corresponding what is needs to be restarted global economic activity list of countries, the state of the measures," he said. "These must be measures, which will have the impact to economic entity."




Other News:
Euro zone crisis set to dominate G20 Paris meeting
Salon suspect's ex-wife claimed abuse
Rioters hijack Rome protests, police fire tear gas
APNewsBreak: US drops keeping troops in Iraq
Stocks slide on JPMorgan; tech rally trims losses
Hedge fund exec gets 11 years for insider trading
Thousands of protesters fill NYC's Times Square
Top Haqqani leader confirmed killed in Pakistan