The Group of Twenty finance ministers vow to raise the rate of growth, job creation

And renewed the Group of Twenty finance ministers intention to work "work in order to raise the growth rate, and create jobs in order to remedy the effects of the global financial crisis."

The press statement issued following the conclusion of the meeting: "The global economy avoid some of the major risks to the repercussions of the crisis and market conditions continue to improve, but that is still weak global growth and a high unemployment rate."

The statement pointed out that "the uneven recovery in global markets as emerging markets achieved strong growth in the U.S. market shows a gradual rise in applications for the private sector, while the euro zone countries have not yet recovered."

He stressed that "more efforts should be made in order to address the weakness that is going global economy."

And demanded that the Group of Twenty "strengthen the monetary union and the foundations of the economy in the euro zone through urgent moves towards the establishment of a bank union and work to reduce the financial and retail continue to strengthen banks' balance sheets."

The Group of Twenty nations promised again "commitment to move expeditiously towards a Systems based on the exchange rates that are subject to market movements," he also pledged to "work to provide greater flexibility in exchange rates in order to avoid disruption of the exchange rates on an ongoing basis."

(KUNA)


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.alraimedia.com