G7: “Brexit threat to the world economy. Stop funding terrorism” – The Republic

SENDAI – The Brexit, the eventual exit of Britain from the EU after the referendum of June 23, would be a “shock that would endanger the world economy. ” The state finance ministers of the G7 at the conclusion of the two-day meeting in Japan. “The uncertainties have increased, with geopolitical conflicts, terrorism, the flow of refugees and the shock of a possible exit by the European Union complicates the global economic climate,” states the final document.

The ministers pledged to “strengthen the global fight against the financing of terrorism” through an action plan presented at the end of the summit of Sendai. “Countering violent extremism and bring those responsible to justice remains a priority for the entire international community – the statement – the G7 is committed to work together to strengthen the global fight against terrorist financing. A good international cooperation and exchange of information is essential to effectively combat terrorist financing. “

in the course of two days in Japan, the financial authorities of major economies met to discuss topics such as the use of monetary policy, government spending and reforms in the long term in relation to the common goal of growth, in order to tack the end of the fight against terrorism, tax evasion and financial support for research against pandemics.

different positions on margins leaving the background maneuver in public spending to governments grappling with deficit control, the landlord, the Japanese Finance Minister Taro Aso, said that “each country must adapt its policies to their problems and their budget. There is no solution that fits every situation. Governments need to be able to use every policy lever to stimulate growth.

<'p> The prevailing position in the G7 is that of an active role of governments in terms of supporting the growth of spending, with the exception of Germany a decidedly conservative in matters of public accounts, while all remain crucial structural reforms.

the G7 countries have also reaffirmed their commitment to “not manipulate the exchange rate”, when Tokyo had its own left open the possibility of an intervention on currency markets to cope with a strengthening yen that makes her less competitive economy. the finance ministers and central bank governors meeting in Japan have emphasized in its conclusions “the importance for all countries to avoid competitive devaluations. “

in the discussions on the sidelines of the official meetings also ended the issue of Greece, whose debt according to the IMF is to be restored. from the Japanese meeting showed greater optimism: Germany and the IMF WOULD drawing closer their positions. Berlin sees it uncomfortable with the restructuring of the greek debt, which Washington is rather inevitable. Meanwhile, there are to unlock aid to be sent as part of the rescue package by 86 billion: the belief is that we can reach an understanding of the Eurogroup next Tuesday, maybe – return Ft – walk through the repurchase of Greek debt held by the IMF as part of the EU, on favorable terms.

Topics:

g7

brexit

referendum brexit

United Kingdom

European Union

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