Held in Kyoto, Japan, the 17th APEC (APEC) Finance Ministers Meeting, November 6 meeting issued a joint statement calling for the economy to further consolidate economic recovery; APEC finance ministers of member economies, but also for next week Group of Twenty (G20) summit in Seoul to start discuss related issues, and re-start the quantitative easing policy of the Fed's decision a good beating.
In fact, as the G20 meeting in Seoul from the summit was held only a week, attended by members of the G20 finance ministers have also took the opportunity to show their relevant position. Among them, two weeks ago, U.S. Treasury Secretary Timothy Geithner, following G20 finance ministers and central bank governors, after meeting again trotted out the "trade balance" issue, it again was "cold."
Australian Treasurer Swan said the original intention of the Fed easing is to promote the expansion of U.S. economic growth, which in the long run will benefit the world economy; but "outside of the U.S. economy and want to see this decision, the trade balance takes a long time to resolve, U.S. unilateral action would lead to more similar areas of the market exchange rate of stalemate. "
German Finance Minister Schäuble said on the 5th, the second round of the Fed policy of quantitative easing policy with the G20 contrary, he emphasized that the accumulation of more debt is not a uniform policy for all industrialized countries, while the G20 summit in Toronto, the United States also promised not to take such practices.
No comments:
Post a Comment