Thursday, October 13, 2011

G20 finance ministers meeting in Paris october 14 -15 2011

G20 finance ministers meeting in Paris october 14 -15 2011 ; G20 finance ministers will also meet in Paris on Oct 14-15, seeking better policy coordination. The meeting will discuss current challenges to the global economy and various key reforms in international finance, in preparation for the Leaders' Summit in Cannes in November.

The third of the G20 finance ministers' meetings of the 2011 French presidency is expected to continue work on global economic reform. France has listed coordination, protection and diversification as key means of reforming the system. The issue of indicative guidelines for global imbalances has entered the debate, as well as a proposal by the Financial Stability Board (FSB), the G20's regulation task force, that could shield taxpayers from having to rescue failed banks again.

The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and the United States. The 20th member is the European Union. For the latest updates on the stock market, visit Stock Market Today
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