G20 to look at monetary fund initiative

Awdur (Person)
Teitl y Gyfres
Manylion y Gyfres 10.3.10
Dyddiad Cyhoeddi 10/03/2010
Math o Gynnwys

Report of the outcome of meetings held by George Papandreou, Greek prime minister, in the United States on 9 March 2010. He said that leaders of the G20 group of countries will consider a European initiative to crack down on speculative activity in derivatives trading.

It was also reported that the Eurpean Commission, Germany, France and other countries were stepping up the pressure for urgent action by the European Union to regulate speculation in sovereign debt markets, in the wake of the Greek debt crisis.

FT editorial argues 'Greek profligacy and ill-handled eurozone rules caused the debt crisis, not CDS buyers. The only punishment leaders should consider meting out to them is to ensure that Greece does not default'.

Dolenni Cysylltiedig
EurActiv, 10.3.10: Barroso considers ban on speculation with sovereign debt http://www.euractiv.com/euro-finance/barroso-considers-ban-speculatio-news-325532
Deutsche Welle, 10.3.10: Support-gathering meeting with Obama a success, Greece says http://www.dw-world.de/dw/article/0,,5337171,00.html
ESO: Background Information: Merkel warns of hurdles in EMF plan http://www.europeansources.info/record/merkel-warns-of-hurdles-in-emf-plan/
BBC News, 9.3.10: Greece welcomes Obama support on speculators http://news.bbc.co.uk/1/hi/business/8558233.stm
Spiegel Online International, 9.3.10: Berlin and Paris Take Aim at Speculators http://www.spiegel.de/international/europe/0,1518,682550,00.html
EurActiv, 11.3.10: UK, US lash out at France, Germany over hedge fund regulation http://www.euractiv.com/en/euro/uk-us-lash-france-germany-over-hedge-fund-regulation-news-329168
Deutsche Welle, 11.3.10: Europe confronts US on derivatives trading http://www.dw-world.de/dw/article/0,,5342167,00.html

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