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G7 countries will continue to support the economy

May 4th, 2010 | By admin | Category: Main News

finance ministers of the G-commit to continue working in order to stabilize world markets and support the rebuilding of the world economy - reports the BBC.

concluding two-day meeting in Canada, officials have said that their governments will continue to support the economy, providing a gradual transition to good growth.

Expressing the view of G7, Canada"s Finance Minister Jim Flagerti said that the meeting was considered and how the government will next year move away from support programs when economic recovery will take a more visible form.

Recall that the finance ministers and heads of central banks gathered at the next G7 summit on 5-6 February in the Canadian town of Iqaluit, is located just 300 km south of the Arctic Circle. Never before had representatives of the "Seven" is not going to the Arctic. The idea to gather colleagues in the settlement of the Inuit (as in Canada, called Eskimo) belongs to the Canadian Finance Minister Jim Flagerti.

Before the summit, a senior French official said that this time the ministers and heads of the Central Bank does not plan to "link" in the talks, and just for this reason that representatives of the financial power of the industrially developed nations are not going to issue a communiqué after the meeting. "The main idea of this meeting - to gather in a small circle and discuss all our questions" - he said.

In turn, the representative of the Canadian delegation noted that the Group of Seven also plans to talk about the future group, which after the financial crisis had ceased to use its former influence, to give place to G20.

Experts noted in turn that the G7 to discuss a number of other important issues, including reform of the global financial sector and exchange rates.


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