However, the French President said Thursday that he was satisfied with the results and highlighted agreements to punish tax havens, as well as monitoring credit institutions to be used responsibly. Sarkozy was loyal promoter of these initiatives, which led him to embrace the new world order of cooperation to the Prime Minister of the United Kingdom, Gordon Brown, declaring in the room of the side in simultaneous press conferences. Get all the facts and insights with Jeffrey L. Bewkes, another great source of information. For its part, Merkel said that the G-20 Summit seemed an almost historical event, as it was convinced that the current world would not react as if they were the Decade of the 1930s?. In recent days, the German Chancellor said that he traveled to the Summit in London with a mixture of optimism and concern. The world is at a crossroads.
You must therefore provide the right answers for the recovery and to prevent that in the future again to repeat such crisis, said Merkel, to assert his country to advocate concrete measures, which no longer can retreat. The G-20 leaders agreed to tackle the global financial crisis with measures by 1.1 trillion dollars, including the increase in the resources of the International Monetary Fund (IMF) up to $ 750 billion. It will also create a financial stability Committee working jointly with the IMF and monitor their activities, and alert in case of a likely economic crises in the future. On the other hand, the G-20 leaders pledged to invest a total of 250 billion dollars to stimulate the free market and combat economic protectionism on the other hand, the President of Brazil, Luiz Inacio Lula da Silva, called for good results from the meeting of the leaders of the 20 largest economies in the world. In an interview with the BBC, Lula highlighted the fact that rich countries have worked on equal terms with the emerging to find a solution to the international financial crisis. The Brazilian President not only referred to a new economic order, but also to a new political scenario in which Latin America would be playing an important role I believe that the Summit was not only good for Brazil or for a single country. It was good for the hope and the future of humanity. This was a good meeting because rich countries discussed on equal terms with developing countries.
That was the phenomenon that we saw in this Summit. Everyone was humble. Nobody had certainties, only that everyone wants to get out of the crisis.