Finance ministers seek ways to make growth help more people

19 Mai, 2017, 23:23 | Author: Marc Bacque
  • G7 to give unchanged message on trade, foreign exchange: official Add to ...

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.

This story has not been edited by Firstpost staff and is generated by auto-feed.

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.

Pirated, outdated operating systems contributes in global ransomware attack
Users who do not patch their systems and the Shadow Brokers were more directly responsible for the attack than NSA, they said. There have been three accounts identified so far, and there's no indication yet that the criminals have touched the funds.


La suite du film animé Astérix dévoile ses premières infos
Nous voulons explorer de nouveaux thèmes forts, nous approprier l'univers d'Astérix tout en restant fidèles aux albums. Par contre, rien ne dit que Roger Carel sortira de sa retraite pour doubler à nouveau Astérix .


Le nouveau gouvernement sera connu ce mercredi à 15h
Quant à Agnès Buzyn , nommée ministre des Solidarités et de la Santé, elle est médecin. D'autres réactions à droite ont été plus franches.


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.

Conseillé:



Populaire

Led coalition hits pro-Assad fighters' convoy
That strike was in response to a sarin gas attack against civilians USA officials say was carried out by forces loyal to Assad. Coalition officials said Russian forces had apparently unsuccessfully tried to dissuade the pro-regime movement south.

2 dead after UPS-operated plane crashes at West Virginia airport
Plante added that accidents at Yeager are rare and that the runway's length is on par with major airports in NY and Chicago. Investigators with the National Transportation Safety Board were still working at the crash site on Sunday.

Kane's pride at scoring Tottenham's last goal at White Hart Lane
Because all together we worked so hard together to achieve all that we have achieved this season. Dan is ESPN FC's Tottenham correspondent.

Conseil des ministres: le plan de table des membres du gouvernement
Ce n'est pas une prise de guerre, c'est plutôt des prises d'otages. Il devra "appliquer la feuille de route" fixée par le président.

India lags behind Lanka, Bangladesh in healthcare
This gap has broadened in the last 25 years, in spite of flourishing economic development. For instance, China is far ahead of India, ranking at 82 with a score of 74 on the index.

Alan Wake disparait des boutiques après une ultime réduction
La disparition d'Alan Wake en ligne signifie seulement qu'il ne sera plus disponible à l'achat. "Nous allons essayer de ré-obtenir une licence de musique pour Alan Wake ".

Google Android OS installed on 2 bn active devices
Notification Dots is a new way for developers to notify users about activity on the app, driving engagement. You can also call your own personal contacts, as long as your contacts are synced with your Google Account.

Quelle surprise, les dates des Soldes d'Été ont fuité — Steam
Aujourd'hui, nous nous intéresserons plus particulièrement aux soldes d'été dont les dates sembleraient avoir fuité sur le net. Que ce soit pour les soldes d'été, d'automne ou d'hiver, votre carte bleue souffre si vous cédez à la tentation.

Le Paris FC en barrages — National
Vendredi , le leader a été tenu en échec par Les Herbiers (1-1), tandis que son dauphin s'est incliné à Chambly (4-0). Les Lyonnais ont perdu à Epinal (1-2), relégué malgré cette victoire.

Trump decries 'witch-hunt' after special counsel picked for probe
Now Mueller will have almost unfettered access to witnesses and information, and the ability to bring criminal charges. It was not clear what caused the mix-up.