EU heads back financial clampdown

Tens of thousands of workers are expected to take part in a protest in Dublin city centre

Leaders of Europe's biggest economies agree on the need to regulate all financial markets, including hedge funds.

Interviewed on Britain's Sky News, Brown's Finance Minister in the Treasury Department, Stephen Timms says because of the recent global economic turmoil, the prime minister wants to see a number of changes brought in, including increased internal oversight at the banks.

"One is around bonuses, to make sure that those are focused in the future on long-term good performance with claw backs if the good performance is not maintained," he said. "Second, on strengthening the boards of banks so they can really understand the risks that banks are taking on and can challenge the management of the banks if that is needed because that has not always happened in the period we have just been through."

The prime minister also believes that worldwide cooperation is essential to minimize the effects of this downturn.

And Finance Minister Timms says specifics must be worked out in the coming weeks.

"We need to learn the lessons of what has happened for how we regulate banks in the future, including internationally because one of the problems that has emerged over the last year or so is gaps in regulation between different country jurisdictions," said Timms. "And at the G-20 summit coming up in London on the 2nd of April, we need to be looking at how we do a better job internationally with countries cooperating on regulating the banks."

Many observers agree that more coordination is required. On Saturday, nearly 100,000 marched through the streets of Dublin to protest against government cutbacks as the recession deepens there and unemployment heads up.

On Sunday, Mr. Brown attended a gathering in Berlin where leaders worked on forging a European consensus before the upcoming London summit.

The prime minister will also be meeting U.S. President Barack Obama in Washington on March 3, where economic discussions will take center stage.

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[Teopa1980]

но эт все мелоч - эт закончиться когда основная масса долгов встанет на свое место

и затем мир получит гипер инфляцию наподобие инфляции в России в 90-е годы - тк 200 трлн должны сдутся до приемлемого уровня

[Teopa1980]

пузыри начали лопаться - в итоге долговая яма как пылесос начала втягивать в себя все деньги - не оставляя достаточного количества для текущих операций - вот вам кризис

[Teopa1980]

поэтому последние 10 лет деньги делали деньги путем надувая пузырей приписок и долгов процентов

тем самым обеспечивалась доходность

[Teopa1980]

для текущих операций торговли хватит и 50 трлн - остльное эт накопления которые хотят доход

ВВП мира всего 65 трлн - и естественно не может удовлетворить жадность денег к прибыли в обьеме 150 трлн

[Teopa1980]

it s just a biginning весь товарный мир - дороги мосты одежда машины танки корабли дома стоят 300 000 000 000 000 долларов

а денег в широком понимании 200 000 000 000 000 -  валюты облигации долги

[fawnknudsen]

Interesting....