Davos accents officials and businessmen will try to heal the planet …
By admin at 26 February, 2010, 12:23 pm
Launched jubilee 40 th World Economic Forum (WEF) in Davos (Switzerland). Officials and businesses from around the world and will continue to try to "improve the state of the world: to rethink, replan, reconstruct the world", and once again enjoy all the charms of a ski resort.
yesterday began a summit in Davos, which has gathered more than 2500 businessmen, politicians, scientists and artists from 90 countries. Inaugurated the meeting this year honoring French President Nicolas Sarkozy. (Last year, the forum will open Russia"s Prime Minister Vladimir Putin, who this time has not arrived).
The event was also present former U.S. President Bill Clinton, Prime Minister Jose Luis Zapatero, Brazilian President Luiz Inacio Lula da Silva, Felipe Calderon, Shimon Peres, Lech Kaczyński and Ilham Aliyev of Azerbaijan.
no cost and without incident. On the eve of the event was killed the police chief of the Swiss canton of Grisons Markus Reinhardt, who was responsible for the safety of the WEF. 61-year-old Markus Reinhardt was found dead in his own hotel room in Davos. According to the police of the canton, "everything points to suicide." As approval of the competent person, this tragic incident would not affect the security measures. The forum will last till January 30.
main topic of discussion is the WEF report "Global Risks 2010", prepared by experts of the WEF on the basis of consultations with leading politicians, economists and scientists from different countries.
In this context, the event will focus on six main aspects: how to create value basics, how to strengthen the economy and improve the social situation, how to reduce global risks and the specific system errors, how to guarantee sustainable development, how to ensure security, how to create effective institutions.
answers to all these questions they will try to find in the hundreds of planned program of round tables.
"We must consider the forum in the context of what is happening in the world. The next meeting of the forum held in the year when the financial and economic crises have replaced the social crisis that is expressed, in particular, the growth in unemployment", - has said previously the founder and WEF Executive Chairman Professor Klaus Schwab.
He stressed that, obviously, "the current system of global cooperation is no longer valid." "The world has changed dramatically after the economic crisis that erupted in 2008 and marked throughout 2009", - summarized Schwab.
Particular attention was focused on the latest action by Obama, aimed at limiting the freedom of banks, which eventually led to the collapse of stock price of leading U.S. and European banks.
heads of major companies and banks have warned the Western power that strict regulation of the global financial system could have a negative impact on the economy and slow exit from the deepest since World War II recession.
"Sadly, if proposed by U.S. President Barack Obama steps to regulate the banking sector, the U.S. based on populism," - said the manager PricewaterhouseCoopers Dennis Nalli. Recall, last week, U.S. President Barack Obama said that would limit the size of large universal banks that combine retail, commercial and investment banking activities.
opposite point of view adopted by the European political leaders. They recognize that it is not planning to follow in the footsteps of head of the White House and impose similar restrictions in Europe. "The European Central Bank (ECB) will move away from special measures for the liquidity injections only gradually, as economic recovery in the eurozone this year will go slowly," - said the ECB Governing Council member Axel Weber.
According to him, the euro zone continues to depend on the fiscal support, but the government must seriously take up the struggle with huge budget deficits when economic conditions improve.
"The structure of the global financial system, which everyone took for granted, completely collapsed. Everything happened on Sept. 15, when Lehman Brothers declared itself bankrupt. After this event, began to develop different scenario," - said a well-known financier George Soros.
According to him, before, when some found themselves on the verge of power at any cost tried to save her, to prevent the catastrophe. "But this time failed to prevent a catastrophe, and now the financial system collapsed, it is supported on a respirator," - he concluded.
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