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HIGHLIGHTS-UPDATE 1-Statement from G8 world leaders
CAMP DAVID May 19 (Reuters) - The following are excerpts from a statement issued by the leaders of the Group of Eight leading economies after their summit at Camp David in Maryland on Saturday.
- The global economic recovery shows signs of promise, but significant headwinds persist.
- Against this background, we commit to take all necessary steps to strengthen and reinvigorate our economies and combat financial stresses, recognizing that the right measures are not the same for each of us.
- We welcome the ongoing discussion in Europe on how to generate growth, while maintaining a firm commitment to implement fiscal consolidation to be assessed on a structural basis.
- We agree that all of our governments need to take actions to boost confidence and nurture recovery including reforms to raise productivity, growth and demand within a sustainable, credible and non-inflationary macroeconomic framework.
- To raise productivity and growth potential in our economies, we support structural reforms, and investments in education and in modern infrastructure, as appropriate. Investment initiatives can be financed using a range of mechanisms, including leveraging the private sector. Sound financial measures, to which we are committed, should build stronger systems over time while not choking off near-term credit growth.
- We remain appalled by the loss of life, humanitarian crisis, and serious and widespread human rights abuses in Syria. The Syrian government and all parties must immediately and fully adhere to commitments to implement the six-point plan of UN and Arab League Joint Special Envoy (JSE) Kofi Annan, including immediately ceasing all violence so as to enable a Syrian-led, inclusive political transition leading to a democratic, plural political system.
- We remain united in our grave concern over Iran's nuclear program ... We desire a peaceful and negotiated solution to concerns over Iran's nuclear program, and therefore remain committed to a dual-track approach...
We call on Iran to seize the opportunity that began in Istanbul, and sustain this opening in Baghdad by engaging in detailed discussions about near-term, concrete steps that can, through a step-by-step approach based on reciprocity, lead towards a comprehensive negotiated solution which restores international confidence that Iran's nuclear program is exclusively peaceful.
- We continue to have deep concerns about provocative actions of the Democratic People's Republic of Korea (DPRK) that threaten regional stability.... We urge the DPRK to comply with its international obligations and abandon all nuclear and ballistic missile programs in a complete, verifiable, and irreversible manner .... We affirm our will to call on the UN Security Council to take action, in response to additional DPRK acts, including ballistic missile launches and nuclear tests.
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