From the G20 Meeting a crisis summit?

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G20

From the G20 Meeting a crisis summit?

No new uncertainties – the hopes Finance Minister Wolfgang Schäuble from the Meeting of the Top economic powers in Shanghai. He is also many questions regarding the refugee crisis in Europe need to answer.

The financial market turmoil and setbacks in the economic activity in many countries employ the Top economic powers – the German Finance Minister Wolfgang Schäuble warns of the G20 Meeting in Shanghai, but before fear-mongering. “We are not in the Krisenmodus”, said the CDU politician on Thursday before the deliberations of the Finance Ministers and Central bankers of the leading industrial and emerging economies.

This see also his US counterpart Jack Lew that way. Schäuble said the G20, however, previous decisions to implement them consistently. “Especially in a time of so many risks and so many crises, it is very important that you are also a piece of far in what you have over the years consistently as Lessons learned from previous crises has developed”, he stressed. It will go to sustainable growth and structural reforms.

“Monetary policy can’t solve all the problems,” said Schäuble. The fiscal policy should “play a supportive role”. But crucial structural reforms. The framework conditions for investments and the resilience of the financial markets must be improved.

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“Europe creates the”

Schäuble showed before talks between the G20 Finance Ministers and Central bankers this Friday and Saturday in the Chinese metropolis confident that Europe, the refugee crisis will resolve. “This is Europe”, he said. He already is on issues of G20 partners on the Situation.

The Minister of Finance, campaigned at the same time, that other countries on the solution involved, because the refugee crisis one of the major global problems. Europe will probably be in a rather “turbulent Phase”, said Schäuble. Europe but it will create, and emerge. Too big will the crisis not be: “We’ll get through it.”

No Activism

The G20 want to be in Shanghai in a joint response to the recent turbulence in the financial markets and the economic problems in several countries. They advise, among other things, about the fluctuations of the stock market, weaker growth in China and Japan, the Ölpreisverfall as well as the currency and monetary policy. On the agenda is the fight against the financing of terrorism.

Schäuble had before the Meeting on activism and mutual recriminations warned. In Shanghai, he will again for a withdrawal from the policy of extremely cheap money to advertise. “We know the Situation is not easy. So it will be good that we have no new uncertainties, but that we stay the course,” Schäuble said.

New Economic Stimulus Measures?

The day before had the International monetary Fund IMF the G20 to a common stimulus for the global economy advised. The G20 should demand co-ordinated action to boost, it says in a Wednesday published IMF report ahead of the G20 meeting in Shanghai.

Global economic growth is slowing and the financial position of the emerging economies have become more acute, because China them because of their own economic slump that less raw materials abkaufe. Due to these developments, climb the risk that the recovery of the world economy from the Ist device.

In the light of recent sudden price drops in the stock markets, currency fluctuations and signs of a cooling global economy, the meeting of the G20 Finance Ministers and Central bankers in Shanghai on Friday with a new significance. The Meeting is sometimes already with the crisis meeting in April 2009 compared to a, as the industrial and emerging countries in the financial crisis, a common approach in the fight against a global Depression, agreed.

The expectation of a contingency plan could also be stoked that the IMF according to the report, in April its growth forecast for the global economy once again could lower. In January, she was on 3.4 of 3.6 per cent has been reduced.

wen/ul (dpa, rtrd)