MOSCOW, July 19 The European Union will tell the
world's financial leaders on Friday that global trade, savings
and competitiveness imbalances have diminished, but that they
must take decisive action to make sure they don't increase
Finance ministers and central bankers from the world's 20
biggest developing and developed economies (G20) meet in Moscow
on Friday and Saturday, and boosting economic growth in a
sustainable way is one of the main topics of talks.
"The meetings in Moscow today and tomorrow should reaffirm
the commitment to sustainable growth, through sound fiscal
strategies and a rebalancing of the global economy," EU Economic
and Monetary Affairs Commissioner Olli Rehn said in a statement.
"Global imbalances have narrowed with the crisis, but we
need to continue with decisive policy action to make sure that
they do not increase again when growth picks up," he said.
The G20 will discuss medium- to long-term fiscal
consolidation in the United States and Japan and loose monetary
policy in these countries that is to help spur growth.
They will also discuss the effects of fiscal and monetary
policies on exchange rates, access to financing for companies
and ways to help create jobs.