Fiscal paradises, the end!

03 Apr

Posted by ReD as News

Barack Obama and Gordon Brown (Epa) At the G-20 "have been decided for additional one million dollars to the IMF and other institutions financial international" for reviving the global economy. " Word of the British prime minister Gordon Brown that to London, to be perfect master of the house, held a press conference concluding the summit of the 20 largest in the world. "The problems that people thought we divide, we have not divided at all" said the British premier, stressing that the increase of funds for the IMF have contributed 40 billion dollars to China, 100 billion by the EU, and 100 from Japan.

A manforte to give Brown the statements of the President of the United States, Barack Obama, who has described the G20 summit in London "historic" and "productive." Were taken by world leaders, Obama said, "decisions of unprecedented scope to get the economy '. German chancellor Angela Merkel has described the conclusion of the G-20 of London: "It is a historic compromise in a crisis extraordinary.

After the understandable satisfaction expressed by all leaders, even some comments more precisely measured and realistic by the President of the United States: "The measures implemented by G20 were necessary, now we must wait and see if they are also sufficient. Are, in any case - Obama has continued - the most courageous and faster than we've ever seen in the past during other crises financial "and" I believe that confidence can return, save jobs and bring growth. In life, however - concluded the President of the United States - there are no guarantees and economy is the same. "

Brown also said that an agreement was reached on a blacklist of tax havens, to submit a regulatory hedge fund, who have protested in the evening as' scapegoat of crisis. " The British Prime Minister stated that the list of tax havens will be drawn up and published shortly by the Organization for Economic Cooperation and Development (OECD).

There will be no more bonuses for managers who are failing companies, said Brown. Which also ensured that the leaders of the G-20 I agree to do "all that serves" to restart the economy and reverse the crisis. A concrete step in this direction is the fiscal stimulus of up to 5,000 billion dollars by the end of 2010 to support the resumption of 'global economy, while the poor countries receive 50 billion of aid. 'Clean up the banks to revive credit for households and businesses, "said Brown, pointing out the agreement between the Great' for a unique and comprehensive approach on toxic assets." Since the crisis emerging economic, according to Brown, "the foundations of a new international cooperation, a new world order."