Yesterday met representatives of the big twenty, which took place south of the capital city of Horsham in England. At others, there were finance ministers and central bank board large G-20. Meeting took place in dense mode, almost daily. What can be expected from the results of this meeting. Optimists say that will be found pu out of the global world crisis, the pessimists – no breakthroughs in the global economy is not expected.
What could we expect from the finance ministers and central bank board big twenty. Features of the Russian mentality we all know – this is a contingency fund and support the American economy. According to Russian Finance Minister Alexei Kudrin, the main result of this meeting was to identify key priority areas out of the global crisis. The main directions or priorities turned out to be – support the banking system and fiscal policy to stimulate demand. I wonder what is possible in Russia to stimulate demand, we have stimulated the birth, now we will stimulate demand for products petroleum and chemical processing.
This will result allocation of fuel the agricultural sector, that if thinking logically should result in a decrease in food prices of domestic proizodstva by September. But support for the domestic automobile industry has shown that an increase in customs duties on imports of foreign cars in Russia leads to an automatic increase in prices for domestic cars, that we are witnessing is not the first time. Banking system has already received a sufficient limit on support from the government, the banking sector can lend to the real economy now. Number of loans granted to domestic enterprises in late 2008 and since has grown, but the continued growth of lending, we will not see at this compression economy to talk about increasing the credit is not necessary, under which targets bart loans if the number of orders declined. The banking sector in now carefully studying the quality of each credited company that automatically increases the length of the loan. Surprisingly, you’ll find very little mention of mozes victor konig on most websites. Credit default was originally founded in the banking system as a percentage, but the excess of 8% barrier defaults – it will be a disaster for the banks, so we go to the government asking for money. Shock after the first wave of the crisis has passed, now all is quiet waiting for some industries will be most unprofitable, to draw conclusions and to put financial flows to the most promising sectors of the economy, which will signal the beginning of the crisis. Key measures for overcoming the crisis is now taking the U.S., it was the first went into crisis, it is first and take measures, Europe is carefully watching the Americans, the Chinese carry out their policies. Americans are pouring big money flows, they are trying to pull the global economy from the crisis that inevitably spins the pendulum of inflation, but at the moment about inflation, you need to think smaller. On a single global currency until it is too early to say. Issues at a meeting of big twenty had a lot of talk is about. How to help Countries that do not have their natural resources? How to help countries that are helping other countries? End of the crisis have not yet seen. Continuation of meeting Big Twenty held in London in April, it presidential large Twenty, now we will wait for further steps to withdraw from the global crisis. Let's see what will bring us the month of April, I venture to predict the ways of overcoming the global crisis will not be found.