WASHINGTON - Group of 20 countries, or G-20 Coordination requires an intensive search for a way out together from a financial crisis occurs.
This was disclosed as Brazilian Finance Minister Guido Mantega in Washington, Sunday (12/10/2008), as quoted from Bloomberg.
"Countries in the G-20 need to be more intelligent, and changed quickly so it can exit from the crisis," he said.
The statement issued after the countries G-7 promised to reduce the crisis and save the banks from the main bankruptcy.
In addition, the countries members of the G-20 will use all capabilities to ensure the economic and financial markets to remain stable and smooth. These countries will meet again on 8-9 November 2008 in Sao Paulo.
The countries members of the G-20 is among Argentina, Brazil, Bolivia, Chile, China, Cuba, Egypt, Guatemala, India, Indonesia, Mexico, Nigeria, Pakistan, Paraguay, Philippines, South Africa, Tanzania, Thailand, Uruguay, Venezuela, and Zimbabwe.
Market share in Indonesia, Russia, and Ukraine have experienced the suspension of trade week yesterday due to the crisis caused by U.S. sub-prime mortgage defaults due to banks and companies in the world.
Policymakers from Reykjavik to Sao Paulo is trying to overcome the threat of bankruptcy stock market.
"Now we face a global crisis, and it must be faced by all countries," said Mantega
This was disclosed as Brazilian Finance Minister Guido Mantega in Washington, Sunday (12/10/2008), as quoted from Bloomberg.
"Countries in the G-20 need to be more intelligent, and changed quickly so it can exit from the crisis," he said.
The statement issued after the countries G-7 promised to reduce the crisis and save the banks from the main bankruptcy.
In addition, the countries members of the G-20 will use all capabilities to ensure the economic and financial markets to remain stable and smooth. These countries will meet again on 8-9 November 2008 in Sao Paulo.
The countries members of the G-20 is among Argentina, Brazil, Bolivia, Chile, China, Cuba, Egypt, Guatemala, India, Indonesia, Mexico, Nigeria, Pakistan, Paraguay, Philippines, South Africa, Tanzania, Thailand, Uruguay, Venezuela, and Zimbabwe.
Market share in Indonesia, Russia, and Ukraine have experienced the suspension of trade week yesterday due to the crisis caused by U.S. sub-prime mortgage defaults due to banks and companies in the world.
Policymakers from Reykjavik to Sao Paulo is trying to overcome the threat of bankruptcy stock market.
"Now we face a global crisis, and it must be faced by all countries," said Mantega
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