Arab Today, arab today german finance chief europe not overrepresented at g20
Last Updated : GMT 13:32:04
Arab Today, arab today
Arab Today, arab today

German finance chief: Europe not over-represented at G20

Arab Today, arab today

Arab Today, arab today German finance chief: Europe not over-represented at G20

Sydney - AFP

German Finance Minister Wolfgang Schauble Thursday defended Europe's strong presence at the G20, arguing that it is not over-represented despite accounting for barely 20 percent of the global economy. Finance ministers from the world's major economies meet in Sydney this weekend, with the winding back of the US Federal Reserve's monetary stimulus policy as well as ways to boost growth and create jobs set to take centre stage. The balance between the old and new worlds is one of the underlying sources of tension at the forum. The likes of Brazil, Russia, India, China and South Africa are emerging as economic powers, while eurozone economies -- including France, Germany, Italy, as well as the European Union -- have struggled with a debt crisis. The United Kingdom, while not part of the eurozone, has also faced recession. Despite this, Schauble said the balance remained fair. "I do not share the view that Europe is over-represented in the G20," the German, arguably the most powerful finance minister in Europe, told the Australian Financial Review "According to GDP, trade and other economic figures, the EU is one of the largest and most innovative regions of the world." Schauble has played a crucial role in the eurozone debt crisis, but has also supported the European Central Bank, including its bond-buying programme, similar to the US Federal Reserve's quantitative easing. He implied to the newspaper that it was too soon to start winding back those policies before the necessary reforms were in place. "In recent years we have witnessed very expansionary monetary policies around the world," he said. "We have to keep in mind that excessive liquidity on the global market creates new challenges and risks. "We all have to ensure through appropriate reforms that our economies are strong enough to face the necessary normalisation of monetary policy."

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 german finance chief europe not overrepresented at g20 Arab Today, arab today german finance chief europe not overrepresented at g20

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise

GMT 05:40 2017 Thursday ,16 February

Stocks rise on Yellen’s positive US outlook

GMT 05:34 2017 Thursday ,16 February

‘Protectionism, populism threaten euro zone’

GMT 04:51 2017 Thursday ,16 February

Oil pulls back after brief rally
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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