G20 Stands Ahead Of Europe'S New Rescue Plan

The meeting of Ministers of Finance and Central Bank of the group of twenty (G20) ended on 15.

At the meeting, the financial leaders of the member states supported the new plan of the European Union's debt crisis, and called on European leaders to take resolute action on the crisis at the 23 EU summit.

In addition, the participants also adopted a system aimed at reducing the system.

At this meeting of the finance ministers, the world's main economies pressed Europe to demand that the leaders of the region "take a comprehensive plan and resolutely deal with the current challenges" at the EU summit on the 23 th of this month.

The euro zone is urged to expand the impact of the European financial stability fund (EFSF) as far as possible so as to solve the problem of the spread of the crisis.

Overseas media reports said that European officials are considering a crisis response plan that includes a 50% impairment of Greek bonds, support for the banking industry and continued purchase of bonds by the European Central Bank.

Policymakers also retain the possibility of more assistance from the International Monetary Fund (IMF) to cooperate with Europe, but disagree on whether or not to provide more IMF to IMF.

The meeting also adopted a new regulation aimed at reducing the risk of systemic financial institutions, including strengthening supervision, establishing cross-border cooperation mechanisms, defining Bankruptcy Rescue procedures and increasing capital requirements for big banks.

Under this new regulation, banks with systemic influence will be required to increase capital by 1% to 2.5%.

According to overseas media reports, the group of twenty finance ministers are considering a list of about 50 banks, which will be announced by the group of twenty during the summit meeting held in from November 3rd to 4th.

Members of the group of twenty agreed to adopt concerted measures to tackle the fragile problem of short-term economic recovery and consolidate the strong, sustainable and balanced growth base of the economy.

All members should further promote structural reform, raise potential growth rate and expand employment.

In his speech, the Chinese Delegation pointed out that at present, the global economy has entered a new difficult period, and all countries should continue to carry forward the spirit of sharing the same boat, further strengthen macroeconomic policy coordination, and work together to maintain.