‘Central banks to supply banks basic liquidity’
PARIS: G20 finance ministers and central bank governors put strong pressure on euro zone leaders at a two-day meeting in Paris to come up with a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession. Following are key quotes from closing news conferences on Saturday by G20 chair France and other delegations:
FRENCH FINANCE MINISTER FRANCOIS BAROIN
"Some industrialised countries have scope to support growth." "I have to tell you in truth that the results of the European Council on Oct. 23 will be decisive."
"Central banks will continue to supply banks with necessary liquidity, we will ensure that banks have the necessary capital.
This is a very important message that central banks are sending." "We have decided on a very substantial strengthening of financial regulation."
"We prepared ambitious decisions for Cannes including a list of systemically important financial institutions."
Copyright Reuters, 2011
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