Financial Times Reports Draft Of G20 Leaders

FINANCIAL TIMES REPORTS DRAFT OF G20 LEADERS

Panorama.am
6:56 30/03/2009

Leaders of the world’s 20 leading and emerging economies meeting in
London this week are set to reiterate a pledge to avoid protectionism
and complete stalled global trade talks but offer little to those
calling for more economic stimulus, reports "Financial Times".

A 24-point draft of the G20 meeting’s final communique, does not
contain specific plans for a fiscal stimulus package, which had been
resisted by European countries. It claims that the fiscal expansion
already in process will increase global output by more than 2
percentage points and create more than 20m jobs.

Combined with increased resources for a reformed International Monetary
Fund, the fiscal and banking support actions aim to enable the world
economy to expand by the end of 2010. The draft left a blank space
where a target for economic expansion could be inserted.

Stating that a "global crisis requires a global solution", the G20
leaders pledge: "We are determined to restore growth now, resist
protectionism, and reform our markets and institutions for the future
. . . We are determined to ensure that this crisis is not repeated."

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS