BERLIN (Reuters) – The Group of 20 economic powers is not demanding new stimulus measures and Germany will not be attacked for its planned austerity drive at a G20 summit this weekend, senior German government officials said on Tuesday.
Speaking on condition of anonymity, one official said progress on a banking charge was a key test of whether the G20 can find a joint position on important issues, despite the fact G20 finance ministers had decided to give up on a common levy.
BUSAN, South Korea (Reuters) – Governments must put their public finances in order to calm global financial markets rattled by a spreading debt crisis in Europe, finance ministers of the Group of 20 leading economies said on Saturday.
In a communique issued after two days of talks, G20 nations sought to bolster market confidence by declaring themselves ready to safeguard recovery and strengthen prospects for the global economy.
BUSAN, South Korea, June 4 (Reuters) – Leading policymakers
spoke with unusual frankness on Friday of their fears that the
euro zone’s financial and banking woes could derail the global
The troubles of Greece and other heavily indebted European
governments dominated conversations among finance ministers of
the Group of 20 leading economies meeting in the southern port
city of Busan, officials said.
BERLIN (Reuters) – Treasury Secretary Timothy Geithner said the United States and Europe broadly agreed on the need for controls on risk taking but should ensure they do not impede recovery.
“I think we all agree we want more conservative restraints on capital and leverage,” Geithner told a joint news conference with German Finance Minister Wolfgang Schaeuble in Berlin.
BEIJING/BERLIN, May 27 (Reuters) – The euro rebounded on
Thursday after China reaffirmed its long-term aim of
diversifying currency holdings away from the dollar and denied
it was reviewing its holdings of euro sovereign bonds.
The People’s Bank of China said in a statement that a
Financial Times report that the State Administration of Foreign
Exchange (SAFE) was concerned about its exposure to the euro
zone debt crisis was groundless. [ID:nBJB003852]
BERLIN (Reuters) – Treasury Secretary Timothy Geithner takes his appeal for swift European action to calm markets to Germany on Thursday, the key player that stunned markets last week with its ban on some speculative trades.
During his stopover in London, Geithner told Europeans that markets wanted to see the euro zone activate its $1 trillion emergency plan designed to stabilize the currency plagued by fears that a Greek-style debt crisis could hit more countries.
WASHINGTON (Reuters) – When G20 finance ministers and central bankers met for talks last week, markets were jumpy about Greece’s debt crisis and over China’s currency stand-off with much of the world.
The G20 mentioned neither in its communique, which instead skated blandly over the big issues of the world economy and left investors no wiser about deliberations within the group.
WASHINGTON, April 23 (Reuters) – World finance leaders will
seek to assure global markets on Friday that economic recovery
is in place despite the cloud cast by debt-troubled Greece and
its request for a huge bailout.
A draft communique from finance chiefs from the Group of 20
nations said the global economy is regaining its footing,
though at an uneven pace, a G20 source told Reuters.
BERLIN/ATHENS (Reuters) – Germany signaled for the first time on Tuesday that it may accept European financial aid for Greece as a last resort, but demanded that euro zone partners agree to negotiate tougher budget discipline rules.
A senior German official spelled out Berlin’s conditions for any aid mechanism ahead of an EU summit starting on Thursday:
BERLIN, March 18 (Reuters) – Germany on Thursday targeted
mid-year to draft new rules to protect taxpayers from bearing
alone the cost of future bank rescues and restructuring.
The government wants to ensure that even “too big to fail”
banks can be wound down if they are insolvent and the state does
not have to foot the entire bill.