G20 LOS CABOS JUNE 2012 Final statement

On June 20th, 2012 the leaders of G20 countries released their final statement on growth, stability, social protection, trade, financial architecture, commodity prices and volatility, green economy and development, and the fight against corruption.

Increasing importance is played by emerging economies, especially larger ones. Imbalances and disequilibria are addressed by means of common regulation to achieve common growth. Strengthening the financial architecture is of central importance to restore growth, and the centralised system of clearing for derivatives is wished as a solution to smooth excessive risks and reduce disequilibria. However, the deadline of 2012 seems to be not feasible.

See also:

OIL PRICE VOLATILITY AND SPECULATION (Encyclopedia)