G20:Merkel, regole entro meta' 2010 (Altro rinvio...)

[soros75]

Le nuove regole dovevano farle a Washington nel 2008, poi a Londra nel 2009, poi a L'Aquila sempre nel 2009, poi a Pittsbourgh...e adesso si rimanda naocra nel 2010.
A zappare la terra dovete andare !!!!
Siete schiavi di Goldman Sachs !

G20:Merkel, regole entro meta' 2010

(ANSA)- BERLINO, 18 SET - Nuove regole sulla finanza mondiale devono essere decise entro la fine del 2009 e la meta' del 2010', afferma Angela Merkel. 'Nel 2010 - aggiunge il cancelliere tedesco - bisogna tirare le somme per vedere cosa si e' riusciti a fare e cosa no'.

[max29go]

Non c'è alternativa. Un dato è certo. C'E' una sovracapacità produttiva creata dai DEBITI. Tutti hanno l'auto solo perchè la si paga a rate...OK?

Ora il quesito è: si possono sempre vendere auto come negli anni ottanta e novanta?
La risposta è NO!

Allora qual'è la soluzione? Produrre meno auto semplicemente ristrutturando e cioè: tagliare i costi...quindi....licenziare etc....

E' inutile che governi si affannino a voler quasi costringere la gente a comprare un'auto (con la rata) o un mobile (con la rata) o una casa (con la rata) un televisore (con la rata).

Quando la trippa è finita (...tasso di risparmio azzerato) non c'è alternativa.

Una grande crisi economica che ci riporti ai giusti valori di mercato e quindi:
1-crollo dei prezzi degli immobili (...con la rata)
2-crollo dei prezzi dei beni durevoli (...tutti con la rata)
3-crollo delle materie prime (..petrolio...consumi legati alle rate pagate per le auto)

Tutto questo accadrà prima o poi...per quente iniezioni di liquidità e falsi in bilancio (...abbandono del fair value) possano fare lor signori.

Solo così si potrà uscire da questa crisi. Non sarà indolore ma sarà necessario.

[skymap]

G-20 Poised to Curb Banker Pay, Coordinate More (Update2)

By Simon Kennedy and Gonzalo Vina


Sept. 25 (Bloomberg) -- World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger the worst financial crisis in seven decades.

President Barack Obama and other Group of 20 leaders meeting in Pittsburgh are uniting behind a plan to force banks to tie compensation more closely to risk and tighten capital requirements, while they agreed to maintain stimulus measures to spur the global economy, said officials from G-20 governments.

Treasury Secretary Timothy Geithner said there’s a “strong consensus” to tackle worldwide economic imbalances. At the same time, divisions remain on how to overhaul control of the International Monetary Fund.

“We are not going to walk away from the greatest economic crisis since the Great Depression and leave unchanged, and leave in place, the tragic vulnerabilities that caused this crisis,” Geithner told reporters.

G-20 leaders are turning their attention from crisis management to overhauling the rules governing financial markets as the group assumes the mantle as the world’s main forum for global economic cooperation.

They’re formalizing the body’s new predominance over the G- 8 group of richer nations, designating the G20 as “the premier forum for international cooperation,” according to the draft of their final statement.

Clawback

The third meeting of G-20 leaders in the past year is fleshing out a blueprint on new banking rules drawn up by their finance chiefs in London three weeks ago. They agreed to principles deferring bonuses, linking them to bank returns and capital, encouraging awards to be composed of stock and allowing the clawback of cash if earnings flop, according to their draft statement.

“There will be broad agreement around many elements of a compensation package,” Michael Froman, Obama’s G-20 negotiator, told Bloomberg Television yesterday.

The leaders reconvene at about 9 a.m. local time after dining together last night. They will issue a statement and fan out to give press conferences after 4 p.m. Financial Stability Board Chairman Mario Draghi may also brief reporters on the specifics on banking pay and capital requirements.

While signs of a pact on pay suggests the U.S. defeated a bid by French President Nicolas Sarkozy to impose specific caps on bonuses, an agreement may also allay European complaints that the U.K. and U.S. were trying to divert the talks away from financial regulation.

‘For Real’

The new rules are “for real but there will be plenty of argument over the detail of how it’s done,” Leon Brittan, vice chairman of UBS Investment Bank and former European Union trade commissioner, said today in a Bloomberg Television interview.

Obama, U.K. Prime Minister Gordon Brown and other leaders are trying to appease public disquiet after governments used public money to rescue banks only to see many of them quickly return to profit and resume setting aside billions for bonuses.

“Europeans are horrified by banks, some reliant on taxpayers’ money, once again paying exorbitant bonuses,” European Commission President Jose Barroso said yesterday. A Gallup poll in June showed that 59 percent of Americans wanted action to limit executive pay.

In the first six months of the year, Goldman Sachs Group Inc. accrued $11.4 billion for total compensation, an average of $386,429 per employee, a Wall Street record.

Pittsburgh Revival

The G-20 officials met as the world pulls out of its worst economic slump since World War II, with the recent fortunes of Pittsburgh-based companies reflecting the forces at play in the global economy.

U.S. Steel Corp., the largest U.S.-based steelmaker by sales, is restarting one of two Canadian blast furnaces to meet an increase in demand and H.J. Heinz Co., the world’s biggest ketchup maker, is looking to emerging markets for growth.

Some officials warned their colleagues not to allow the push to revamp financial regulation started earlier this year to be dulled by signs of recovery and surging stock markets. More than half of U.K. bankers, traders and fund managers expect their pay to rise this year, according to a survey released Sept. 8 by recruitment Web site eFinancialCareers.com.

“Now that the global economy is improving, there is going to be greater resistance from banks” to more regulation, Brazilian Finance Minister Guido Mantega said Sept. 23.

Geithner counters that officials are still focused on evening out the lopsided flows of trade and investment that contributed to the credit boom.

‘Strong Consensus’

A “strong consensus” is forming behind the calls for a policy framework to narrow imbalances, he said. That could see China boosting domestic demand, the U.S. saving more and Europe increasing investment. Such an environment could also stabilize the dollar, which has fallen 14 percent against the euro since Obama’s inauguration in January.

The leaders agreed to establish a “framework for strong sustainable and balanced growth,” according to their draft.

Geithner reiterated the U.S. has a “special responsibility” to ensure the dollar stays the world’s reserve currency.

As the group narrowed some splits, a division opened up over whether to shift more power at the IMF to developing nations.

European countries are “backing away” from a pledge to do so, Marco Aurelio Garcia, an adviser to Brazilian President Luiz Inacio Lula da Silva said. The resistance relates to a refusal by emerging markets to give more money to the Washington-based lender in return for greater say in its running, a European official told reporters on condition of anonymity.

The G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., the U.K. and the European Union.