G8 Meeting: Focusing on Exit Strategies and a New Regulatory Framework

Source: RGE

• G8 finance ministers' meeting on June 12-13 in Lecce, Italy focused on "exit strategies", plans for unwinding the fiscal and monetary stimulus extended in recent months as well as introducing a new set of common principles of international business conduct ' the Lecce framework'. The IMF, which will help on exit strategies, reportedly scaled up its forecast for 2010 growth to 2.4% from 1.9% previously

• Communique of ministers: There are signs of stabilization, including a recovery of stock markets, a decline in interest rate spreads, improved business and consumer confidence, but the situation remains uncertain and significant risks remain to economic and financial stability