The leading industrial and emerging countries are prepared for negative consequences of the EU exit from Britain. In a final declaration, the G20 expressed the hope that the UK is a close partner of the EU.
The output of the EU referendum in Britain has, in the opinion of the G20 group the leading emerging and developed countries contributed to further uncertainty in the global economy. Thus in a draft Abschlusserkläung who want to say goodbye after two days of deliberations in Chengdu, China on Sunday, the G20 finance ministers and -Notenbankchefs.
With the possible economic and financial consequences of the decision in the UK Member countries could however deal. “The G20 countries are well positioned to proactively address potential economic and financial implications arising from the vote in UK”, says the draft final declaration. “For the future, we hope that the United Kingdom is a close partner of the EU is”, says the paper further.
The new UK Chancellor Philip Hammond looked at its premiere the G20 circle faced with numerous questions. A finished EU exit concept he could not yet provide.
German Finance Minister Wolfgang Schaeuble said after a conversation with Hammond, there was agreement that the damage of the exit from the EU for both sides should be kept as low as possible. Stability risks for the financial markets provides the German Minister no. Support measures to cushion the Proposed referendum on United Kingdom membership of the European Union-episodes in the country Schäuble holds for one thing the British themselves.
took a critical view to the States of the group that the economic recovery weakened in the world is proceeding as desired. The growth should be generally distributed widely between countries, so that as many could participate. The risks for the world economy, also from the political sphere, would take too drastic. As examples, the refugee crisis, terrorism or geopolitical conflicts were, as in the Middle East, called
Basically need to achieve this objective, all policies are used -. The financial and structural policies. Monetary policy alone can not cope with the problems. A key role therefore come to structural reforms to
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