Arab Today, arab today australia global jitters could hit surplus hopes
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Australia :Global jitters could hit surplus hopes

Arab Today, arab today

Arab Today, arab today Australia :Global jitters could hit surplus hopes

Sydney - AFP

Australian Treasurer Wayne Swan sounded caution over Canberra\'s plans to return to surplus next year, warning that Europe\'s debt fears had delivered a \"huge hit\" to global confidence. Swan on Sunday said there was a mood of \"sober realism\" among finance ministers at this weekend\'s meetings of the G20 and International Monetary Fund, with a \"fair degree of concern\" about the state of the global economy. He said \"political gridlock\" had made it difficult for European nations to come together quickly to agree on a response, adding that global bodies must stand ready to support the region \"if and when that is required\". \"The events in Europe can impact globally and therefore we do need not just a European response in the first instance, but what we also need is bodies like the G20 and the IMF backing up the Europeans,\" Swan told ABC television from Washington. The IMF repeated pledges of collective action this weekend as warnings intensified of a possible European meltdown, and Swan said the region\'s leaders had to meet their bailout promises to restore global confidence. \"They are determined to implement those commitments, but of course they must pass through member parliaments in Europe,\" he said. \"That\'s why the Europeans really need to get cracking and get those passed through all of their procedures and operating in full.\" Australia\'s links to fast-growing Asian economies helped it weather the global financial crisis as the only advanced economy to dodge recession, and booming mining exports have shielded it from the worst of the recent turmoil. But Swan said the country was not immune from Europe\'s problems, tempering his previously strident promises of returning the budget to surplus by 2012-13. \"We\'re determined to come back to surplus, but I just make the observation that these events globally have an impact upon global growth,\" he said. \"That has an impact upon domestic growth. That has an impact on revenue collections. And of course it makes it tougher to come back to surplus.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia global jitters could hit surplus hopes Arab Today, arab today australia global jitters could hit surplus hopes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia global jitters could hit surplus hopes Arab Today, arab today australia global jitters could hit surplus hopes

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday