![]() ![]() ![]() |
![]() Home
> Backgrounder
|
EU's common positions for G20 summit(Xinhua)
Updated: 2009-09-18 14:49 European Union (EU) leaders Thursday hammered out common positions for the upcoming summit of the Group of 20 (G20) major economies to be held in the US city of Pittsburgh. The following are the main elements of the EU's common positions. ON FISCAL STIMULUS Despite signs of economic recovery, the G20 should continue implementing stimulus measures in a coordinated way.Efforts must be maintained until recovery is secured. However, exit strategies of phasing out stimulus measures need to be designed now and implemented in a coordinated manner as soon as recovery takes hold, taking into account the specific situations of individual countries. ON BANKERS' BONUSES The G20 should commit to agreeing to binding rules for financial institutions on bonuses to top mangers, backed up by the threat of sanctions at the national level. Bankers' bonuses should be linked to long-term performance of the financial institutions they manage. Part of bankers' bonuses must be deferred over time for an appropriate period and can be canceled in case of a negative development in the bank's performance. Stock options should be prevented from being exercised for an appropriate period of time. Corporate governance of financial institutions should be enhanced to ensure appropriate board oversight of compensation and risk. Transparency and disclosure requirements should be strengthened. Supervisory boards should be given the means to reduce compensations in case of deterioration of the banks' performances. The G20 should also "explore ways to limit" bonuses to a certain proportion of either total pay or the bank's revenues or profits. ON CLIMATE FINANCING Financial resources will need to be scaled up urgently and substantially to reduce global greenhouse gas emissions to adapt to the unavoidable effects of global warming.
Public funding commitment should be shared on the basis of a universal, comprehensive and specific contribution key reflecting ability to pay and responsibility for emissions. The European Commission estimates that the total net incremental cost of mitigation and adaptation in developing countries could amount to about 100 billion euros ($147 billion) annually between 2013 and 2020, which should be shared between domestic finance, carbon market-based financing and international public support. The G20 should recognize the need to fast-start international public support for addressing urgent climate financing needs in developing countries during the period 2010-12, which amounts to 7 billion euros per year. ON GLOBAL TRADE The G20 should reiterate its stance against protectionism and continue to press for progress in trade liberalization, including with regard to a global, ambitious and balanced conclusion of the Doha Round negotiations in 2010. In this respect, a realistic and ambitious roadmap should be agreed on. ON INTERNATIONAL FINANCIAL INSTITUTIONS The EU stands ready to provide an additional contribution of up to 50 billion euros to reinforce the lending capacity of the International Monetary Fund (IMF), so the EU's total contribution would be 125 billion euros. The EU calls on all G20 members and other financially strong IMF members to contribute their fair share. It is necessary to reform the governance systems of international financial institutions by increasing the voice, quota and representation of underrepresented countries, based on objective criteria reflecting changes in the world economy, the EU leaders said. European Union (EU) leaders have hammered out common positions for the upcoming summit of the Group of 20 (G20) major economies to be held in the US city of Pittsburgh.
|
主站蜘蛛池模板: 国产欧美日韩综合一区二区三区 | 国产精品午夜国产小视频 | 91高清国产经典在线观看 | 一道本久久 | 国产亚洲国产bv网站在线 | 国产一区二区三区在线免费 | 免费国产一区二区在免费观看 | 国产成人福利视频在线观看 | 欧美日韩亚洲综合另类ac | 久久综合久久自在自线精品自 | 最新黄网 | 精品亚洲成a人在线播放 | 99久久免费中文字幕精品 | 九九精品视频在线观看九九 | 成年人免费视频观看 | 欧美一级第一免费高清 | 综合网站 | 97在线视频免费公开观看 | 综合久久精品 | 男女男免费视频网站国产 | 欧美 亚洲 另类 自拍 在线 | 三级网站免费观看 | 成年女人毛片免费观看97 | 欧美粗又大gay69视频 | a级一级毛片 | 欧美一级久久久久久久大 | 久久国产成人 | 国产欧美一区二区三区在线看 | 欧美日韩视频免费播放 | 老司机午夜性生免费福利 | 99久久精品国产国产毛片 | 草草影院第一页yycccom | 欧美视频在线观看一区二区 | 精品国产一区二区三区不卡 | www.黄免费| 日韩在线欧美在线 | 免费看成人毛片 | 午夜在线视频一区二区三区 | a级日韩乱理伦片在线观看 a级特黄毛片免费观看 | 手机在线黄色 | 久久国产免费一区 |