Arab Today, arab today developed nations debate how to restore growth
Last Updated : GMT 11:39:24
Arab Today, arab today
Arab Today, arab today

Developed nations debate how to restore growth

Arab Today, arab today

Arab Today, arab today Developed nations debate how to restore growth

Marseille - Qna

With most other European countries having less of a choice when it comes to reviving their economies with extra spending, the financial leaders of the world\'\'s most developed economies , on the other hand, were wrangling Friday over how to revive a faltering economic recovery at a time when interest rates are already low and government debt is high. The so-called Group of Seven economies which includes the U.S., Canada, Japan, the U.K., France, Italy and Germany, are all facing a similar challenge. The recovery that began a little over a year ago is already running out of steam but governments\'\' ability to boost growth is hampered after the financial crisis pushed up their deficits. The solutions offered by the finance ministers and central bankers gathering in Marseille, France, differ wildly. As President Barack Obama on Thursday proposed a $447 billion plan to create jobs, Treasury Chief Timothy Geithner, in an opinion piece in the Financial Times, pushed countries with lower debts to slow down consolidation to give the world economy a much-needed boost. Yet, whether that argument will gain much traction in Marseille is questionable. Germany, which weathered the financial crisis much better than most other developed economies, has already ruled out scraping cost cuts in favor of stimulus. Just days before Geithner\'\'s piece in the Financial Times, German Finance Minister Wolfgang Schaeuble argued in the same newspaper that austerity was the only way of getting the eurozone\'\'s struggling economies growing again. Earlier on Wednesday, in Geneva, the United Nations Conference on Trade and Development (UNCTAD) said comprehensive financial reform needed more than ever - unambitious efforts initiated after the crisis have failed. A UNCTAD proposed in its 2011 annual report issued earlier Tuesday the adoption of rules-based managed floating to curb excessive currency speculation and presents innovative measures for restructuring of national banking systems, a stricter regulation of financial markets, including for commodity derivatives. The new financial turmoil should be a wake up call for the international community and its institutions. It remains imperative to address the unfinished elements in the global financial reform agenda more vigorously than has been the case so far.

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 developed nations debate how to restore growth Arab Today, arab today developed nations debate how to restore growth

 



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 developed nations debate how to restore growth Arab Today, arab today developed nations debate how to restore growth

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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