Sarkozy calls for not help a country-led international reserve assets
PARIS, Aug. 25 (Xinhua should be strong Li) French President Nicolas Sarkozy on the 25th meeting of the French envoys made a speech, I hope next year in France as the 20 Group and the Group of Eight summit presidency to promote the international monetary system, raw material market price stabilization mechanisms and the mechanism of building the Group of Twenty three aspects of reform.
Sarkozy, the first reform of the international monetary system should be conducted. He said a serious threat to the currency exchange rate instability in world economic growth, the proposed reform of the international monetary system. He called for the establishment of international financial instruments, in order to avoid the instability of the currency exchange rate impact on the world economy. He pointed out that the currency of a country dominated by the international monetary system in today's multipolar world in front of inconsistent, resulting in the international monetary reserves is extremely uneven. He called for the establishment of a kind not help a country-led international reserve assets, to enhance the overall stability of the international monetary system.
He pointed out to the Group of Seven finance ministers and central bankers based coordination and consultation mechanisms are difficult to adapt to the current economic situation, he called for the establishment of a new coordination mechanism framework to better coordinate more regional economic and monetary policy.
Sarkozy said he had proposed standard market price of raw materials, research materials derivatives market operations, strengthen the agricultural market transparency, the establishment of raw material producers and consumers of dialogue mechanism to avoid raw material and energy price volatility.
Sarkozy said the Group of 20 has an important role in global affairs, its legitimacy and global decision-making capability will play an essential role in promoting reform. He suggested convening an international Yantao Hui, by national experts within the framework of the Group in the twenty countries to discuss and how to strengthen Weijizhili Neng Li Yan Jiu, Gaigeguoji monetary system and Ruhe better to Xietiao fiscal and monetary policies.
Nicolas Sarkozy proposed the establishment of the Permanent Secretariat of the Group of 20 in order to coordinate the national and international institutions, to strengthen the Group of 20 summit on the implementation of resolution efforts. He also called for international financial regulation and innovation, global development issues and funding to address climate change issues into the important topic of global summit to discuss the Group of 20 areas.
France in mid-November this year in Seoul, Korea summit, we began to serve as chairman of the Group of Twenty summit, beginning next Jan. 1, the beginning as the chairman of the Group of Eight summit.
