Finance ministers seek ways to make growth help more people
19 Mai, 2017, 23:23 | Author: Marc Bacque
Almost a decade after a financial crisis ripped through the global economy, G-7 officials said they are wary of another big threat to growth.
The gathering paved the way for a meeting of national leaders in Taormina, Sicily, on May 26-27.
A U.S. Treasury spokesman said Mnuchin will brief his counterparts in Bari on the Trump administration's still-emerging plans to revamp the U.S. tax system - with major cuts for businesses - and ease regulatory burdens.Reflecting tensions over Trump's attitude to protectionism, there will be no formal discussion of trade in Bari, Italian Treasury officials said. Still, he and Mnuchin stressed how important the U.S.
Recalling his discussions with Mnuchin and other G-7 counterparts, Aso said he thinks Mnuchin "has mostly erased concern that (the new USA administration) may transform free trade into protectionism".
Greece's creditors, including the European Central Bank and the International Monetary Fund, will be in Bari.
The two officials did not discuss currency issues during their meeting in Bari, southern Italy, Aso told reporters after the talks, held on the fringe of a two-day meeting of the Group of Seven finance ministers and central bank heads from Friday.
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As growing protectionism is feared under the administration of US President Donald Trump, the statement skipped any explicit wording on protectionism, as did a statement issued by Group of 20 finance chiefs in March.
He said the Trump administration's economic policies aren't directly aimed at pursuing policies that would restrict trade, but rather are meant to spur USA growth and aid the global economy.
They also called for a renewed common effort against cybercrime.
"We don't want to be protectionist", Mnuchin said.
The United States has been told by all the other Group of Seven economies that it must not turn its back on worldwide cooperation on global economic policy, French Finance Minister Michel Sapin said on Saturday, DNA reported.
"Economic expansion continues and is strengthening, although it is still considered modest and faces risks of various nature", Bank of Italy's governor Ignazio Visco said.
Finally, the G7 financial leaders took the first steps to develop a coordinated taxation approach towards digital economy, and asked the Organization for Economic Cooperation and Development (OECD) to develop a series of policy options in an interim report due in spring 2018.
G-7 governments-Canada, France, Germany, Italy, Japan, the United Kingdom and the USA -have struggled to turn their concern for inclusive growth into policy action, however.
The group's agreements, presented in the form of a final statement, aren't legally binding; instead they represent the leaders' political commitment to follow through.
Finance ministers from the G7 club of rich countries committed to greater coordination in facing the rising threat of worldwide cyberattacks in a joint statement Saturday.
That version of the villain was played by Topher Grace , but unfortunately for Sony, Spider-Man 3 wasn't well received by critics. Sony is rebooting its Marvel-based slate with this summer's Spider-Man: Homecoming and Venom is a key title in its slate.
But Trump's claim ignored impeachment efforts and blistering verbal attacks on previous presidents and other political leaders. He called the probe a "witch hunt" and "totally ridiculous" Thursday afternoon.
Ce ministère va passer entre les mains de Nicolas Hulot qui est bien connu pour son engagement au service de la protection de l'environnement, donc je pense que ce ministère sera entre de bonnes mains .
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She accused him of having sex with her as she slept without using a condom despite repeatedly having denied him unprotected sex. He could still face trial in the US over the leaking of hundreds of thousands of secret USA military and diplomatic documents.
Plusieurs récompenses politiques sont manifestes dans les nominations de ce premier gouvernement de la présidence Macron. En revanche, comme d'habitude, le porte-parole du gouvernement Christophe Castaner répondra aux questions de la presse.
Trump said his administration was committed to cutting the flow of drugs into the United States. And I think it's a very, very negative thing.
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