G8: IMF and America highlighted the winners and a big blow for the "fat cats"
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LONDON, England (CNN) - Experts found that the results of the summit of the Group of Eight industrialized nations will result in gains and losses, were distributed among the States and the dynamics of the global economy, which suffers severe financial crisis, which affected his movement and the salient points addressed by the participants, who represent the largest and richest countries in the world .
On one hand, the United States will, through its president, Barak Obama, to install its shaken recently with the decline in the dollar and the collapse of the real estate sector and credit markets, as will the International Monetary Fund and the clear gains, while large commercial banks, known as the "fat cats" among the top losers .
For the IMF, the institution can now be confident that the international financial ability to achieve its primary objective to raise the value of the financial resources available to them to 750 billion dollars, compared to only 250 billion in the past.
Before the recent crisis in the money, the fund suffered a lot due to the lack of points you would like to credit him, along with the decline in credibility of successive cases of corruption shaken, but the Fund has returned today to highlight the role played across the savior of the countries around the world, where the loan to Latvia and Iceland and Hungary, Ukraine and Mexico .
However, this increase in the Fund's resources will be free of charge, as required States participating in the Group of Eight summit to ease the terms of lending, which was tough, along with other reforms in this institution.
In the list of winners, too, highlights the United States, it was able to convince its partners in the European Union is implementing a series of economic measures that will result in the end of the trillion dollars pumped into the global economy in the form of rescue plans.
Conversely, it was stressed the need for effective control of the work of hedge funds and investment around the world, although it was not up to the level of the establishment of an international body to establish laws governing the work, as he wanted a number of European leaders.
The British Prime Minister, Gordon Brown, also a share of the "spoils" conference, which emerged as the man capable of the world leaders gathering in the capital of his country to save the world economy, which will raise the proportion of support and improving the status of his back.
In addition to Brown, won the non-participation in the conference, including Canada, Australia and the States in favor of the liberalization of global trade, some of the gains, through the confirmation meeting in London to reject the policies of protectionism and the imposition of taxes and duties on imports, despite the current economic crisis.
And resolve the major commercial banks, known as the "fat cats" at the top of the list of losers by the Conference, and especially managers of these banks during the sinking, which left Bjeeob saturated by the high compensation they received.
It will ask the leaders of the Group of Eight a radical legal reforms to the end-of-service indemnities is it related to the performance of banks in the long run, it will reduce the risk by managers to achieve rapid profits.
In addition to banks, investors will be relying on the soft loan for investment funds is not a big blow for them, it is expected to call Congress to tighten restrictions on credit, and to develop criteria to determine the funds that investors can access them because of their ability to pay.
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LONDON, England (CNN) - Experts found that the results of the summit of the Group of Eight industrialized nations will result in gains and losses, were distributed among the States and the dynamics of the global economy, which suffers severe financial crisis, which affected his movement and the salient points addressed by the participants, who represent the largest and richest countries in the world .
On one hand, the United States will, through its president, Barak Obama, to install its shaken recently with the decline in the dollar and the collapse of the real estate sector and credit markets, as will the International Monetary Fund and the clear gains, while large commercial banks, known as the "fat cats" among the top losers .
For the IMF, the institution can now be confident that the international financial ability to achieve its primary objective to raise the value of the financial resources available to them to 750 billion dollars, compared to only 250 billion in the past.
Before the recent crisis in the money, the fund suffered a lot due to the lack of points you would like to credit him, along with the decline in credibility of successive cases of corruption shaken, but the Fund has returned today to highlight the role played across the savior of the countries around the world, where the loan to Latvia and Iceland and Hungary, Ukraine and Mexico .
However, this increase in the Fund's resources will be free of charge, as required States participating in the Group of Eight summit to ease the terms of lending, which was tough, along with other reforms in this institution.
In the list of winners, too, highlights the United States, it was able to convince its partners in the European Union is implementing a series of economic measures that will result in the end of the trillion dollars pumped into the global economy in the form of rescue plans.
Conversely, it was stressed the need for effective control of the work of hedge funds and investment around the world, although it was not up to the level of the establishment of an international body to establish laws governing the work, as he wanted a number of European leaders.
The British Prime Minister, Gordon Brown, also a share of the "spoils" conference, which emerged as the man capable of the world leaders gathering in the capital of his country to save the world economy, which will raise the proportion of support and improving the status of his back.
In addition to Brown, won the non-participation in the conference, including Canada, Australia and the States in favor of the liberalization of global trade, some of the gains, through the confirmation meeting in London to reject the policies of protectionism and the imposition of taxes and duties on imports, despite the current economic crisis.
And resolve the major commercial banks, known as the "fat cats" at the top of the list of losers by the Conference, and especially managers of these banks during the sinking, which left Bjeeob saturated by the high compensation they received.
It will ask the leaders of the Group of Eight a radical legal reforms to the end-of-service indemnities is it related to the performance of banks in the long run, it will reduce the risk by managers to achieve rapid profits.
In addition to banks, investors will be relying on the soft loan for investment funds is not a big blow for them, it is expected to call Congress to tighten restrictions on credit, and to develop criteria to determine the funds that investors can access them because of their ability to pay.
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