Welcome the commitment of the international "LG 7" to ensure financial stability
Ocean - Zainab Makki
Christine Lagarde]Christine LagardeMet pledged to finance ministers and central bankers from the Group of Seven industrial to "take all necessary measures" to support financial stability and economic growth following the decline in credit rating of the United States for the first time in its history was welcomed by international markedly, who welcomed the IMF's commitment to European leaders The Group of Seven industrial countries to ensure stability in global financial markets.
Said Christine Lagarde, Director-General of the Fund, in a statement: "I welcome the statements issued by the European Central Bank and the leaders of Germany and France as well as the Group of Seven industrial and renewed commitment to take all necessary measures in a coordinated manner to ensure stability and liquidity in the financial markets"
She Lagarde said such cooperation would help in maintaining confidence and raise the global economic growth, adding that "the rapid implementation of the commitments by the governments of the euro zone in July 21, 2011 and the recent agreement on the reduction of fiscal deficit in the United States over the medium term without undermining growth, very critical elements of financial stability. "
[Reassurances European]European assurancesHe also welcomed the Japanese Finance Minister Yoshihiko Noda welcomed the agreement and expressed hope that calms the joint statement the group believes in markets and growth.
And Noda said at a news conference today that "as Japan, a member of the group (G-7) welcome a series of measures have been taken in both the United States and Europe," noting that the leaders of the financial group had agreed to cooperate with each other to address the volatility of the currency rates.
He explained that the members of the group intervened in the currency market of Japan on Thursday to weaken the yen's rise, but he declined to comment on their reaction on the matter, saying only that "excessive movements of exchange rates of foreign currencies could have a negative impact on the economy and financial stability."
In response to a question on reducing the (Standard & Poor's) credit rating of the United States one degree, said Japanese Finance Minister, "The confidence in U.S. securities not be shaken."
The finance ministers from the Group of Twenty and governors of central banks which have pledged to take all the necessary criteria to ensure the financial stability of global markets and work to coordinate the financial systems in order to stimulate economic growth on a large scale.
A statement issued by the French presidency of the Group of Twenty in Paris on Sunday that "the group will work in a spirit of cooperation and trust in order to achieve these goals."
He also promised the rulers of the central banks of countries, the group aimed to work hard to achieve solid results support the strong economic growth and sustainable within the framework of the objectives identified by the group to deal with the repercussions of the U.S. debt disaster.
Ocean - Zainab Makki
Christine Lagarde]Christine LagardeMet pledged to finance ministers and central bankers from the Group of Seven industrial to "take all necessary measures" to support financial stability and economic growth following the decline in credit rating of the United States for the first time in its history was welcomed by international markedly, who welcomed the IMF's commitment to European leaders The Group of Seven industrial countries to ensure stability in global financial markets.
Said Christine Lagarde, Director-General of the Fund, in a statement: "I welcome the statements issued by the European Central Bank and the leaders of Germany and France as well as the Group of Seven industrial and renewed commitment to take all necessary measures in a coordinated manner to ensure stability and liquidity in the financial markets"
She Lagarde said such cooperation would help in maintaining confidence and raise the global economic growth, adding that "the rapid implementation of the commitments by the governments of the euro zone in July 21, 2011 and the recent agreement on the reduction of fiscal deficit in the United States over the medium term without undermining growth, very critical elements of financial stability. "
[Reassurances European]European assurancesHe also welcomed the Japanese Finance Minister Yoshihiko Noda welcomed the agreement and expressed hope that calms the joint statement the group believes in markets and growth.
And Noda said at a news conference today that "as Japan, a member of the group (G-7) welcome a series of measures have been taken in both the United States and Europe," noting that the leaders of the financial group had agreed to cooperate with each other to address the volatility of the currency rates.
He explained that the members of the group intervened in the currency market of Japan on Thursday to weaken the yen's rise, but he declined to comment on their reaction on the matter, saying only that "excessive movements of exchange rates of foreign currencies could have a negative impact on the economy and financial stability."
In response to a question on reducing the (Standard & Poor's) credit rating of the United States one degree, said Japanese Finance Minister, "The confidence in U.S. securities not be shaken."
The finance ministers from the Group of Twenty and governors of central banks which have pledged to take all the necessary criteria to ensure the financial stability of global markets and work to coordinate the financial systems in order to stimulate economic growth on a large scale.
A statement issued by the French presidency of the Group of Twenty in Paris on Sunday that "the group will work in a spirit of cooperation and trust in order to achieve these goals."
He also promised the rulers of the central banks of countries, the group aimed to work hard to achieve solid results support the strong economic growth and sustainable within the framework of the objectives identified by the group to deal with the repercussions of the U.S. debt disaster.
