Proposed referendum on United Kingdom membership of the European Union-consequences, course of the global economy, the future of Italian banks: Finance ministers from the G20 countries had to plow through many major topics in Chengdu, China. At the end then spread but all participants a lot of confidence.
So impressive like the dimensions be when from 20 industrialized and emerging countries, ministers arrive along with their entourage: Often it is a realization that matches privately that at the participants left the most lasting impression.
the Minister of Finance met not only his newly crowned British counterpart Philip Hammond, but Wolfgang Schäuble also had the opportunity to the Turkish Finance Minister Mehmet Simsek its concern in connection with the Laying on recent developments in Turkey warmly: “He has assured me that Turkey would remain a constitutional democracy I told him, ‘were all in complete agreement that it condemns the attempted coup or military coup, but it may. not the impression persists that which is used. ‘ “
Simsek had assured him that this was only a transitional, to avert the immediate threat. “I have encouraged him in this laudable intention,” said Schäuble.
talks on Proposed referendum on United Kingdom membership of the European Union-consequences
was in conversation with Hammond the dominant theme as expected the forthcoming Proposed referendum on United Kingdom membership of the European Union. The new British Finance Minister stressed that within Teresa Mays Cabinet initially the “Leave” – fractions must agree on a common baseline and “Remain”. The G20 were in any case agree that it is too early to assess the overall economic impact of the Proposed referendum on United Kingdom membership of the European Union-decision.
Bundesbank expects growth enhancement
Federal Reserve Chairman Jens Weidmann was completed reassuring words:”. Despite uncertainty about the future development was agreed that the world economy is expected to continue its recovery drive the image of a restrained overall growth rate with a slight growth enhancement 2017 remain valid “
This has then something surprising: after all the gloomy Proposed referendum on United Kingdom membership of the European Union scenarios that circulated after the British referendum, more confidence was placed in the day in Chengdu. “So far there are no signs that the economic picture has fundamentally changed by the vote,” said Weidmann.
Schäuble does not worry about Italy’s banks
From the particular case Britain aside, the German finance minister, were not European issues in the focus of the G20 talks. Also on the Italian banking crisis had been discussed only in passing. “I assume that Italy is capable of. Any problem that may arise from the crash test to solve under European rules.” He had no great concern. “And so that was the G20 meeting as a whole.”
The ministerial round in Chengdu also paved the large G20 summit of leaders in front, with the Chinese presidency in September the city of Hangzhou to end. Next year, Germany has the G20 Presidency
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