Battle of the European Union euro plan.

<P> In Canada, Nunavut Iqaluit, the capital of Iqaluit's small size, the population is not much. .These two days, Iqaluit town welcomed a group of special guests, who wrapped tightly Airborne here, take a dogsled ride, enjoy the food, Hearthside conversation, "Not One Less", and of course they have not forgotten .their mission. .</ P> <P> 2 6, a two-day Group of Seven (G7) finance ministers and central bank governors meeting in the northern town of Iqaluit in Canada came to an end. .Compared with the past, this meeting is more low-key, more relaxed. .Meeting issued a joint communique did not as usual, but to reach a consensus, the Group of Seven will continue to implement economic stimulus plan, and to help Greece and other countries as soon as possible out of the debt crisis. .</ P> <P> not lightly quit </ P> <P> According to the agenda, the world's richest countries should work together finance ministers and central bank governors to ensure that the recovery is steady growth of ideas in the world; In addition, how .banks and financial institutions to effectively monitor, prevent the future occurrence of a new round of economic crisis is the focus of the meeting. .</ P> <P> However, for these issues, G7 members have different views, the only consensus we might have to "not lightly quit" the. .Canadian Finance Minister James Fry Edi said the global economy is recovering, but the current national economic stimulus plan to exit too early. .Chancellor of the Exchequer Alistair Darling said the participating parties, "a firm commitment to continue to provide support for the economy, until the goal of a strong recovery so far." Geithner said: "We must ensure that the global economic recovery from damage. ."</ P> <P>" expected. "Fudan University Economics Professor Sun Lijian tone assure" International Finance News "reporter, more and more intense in the Sino-US trade war, the world of the future economic growth are yet to reach .consensus, the uncertain economic situation in the EU case, easy to exit the risk is too high. .Sun Lijian also predicts the fourth quarter of this year may be, it may completely withdraw from the stimulus. .</ P> <P> crisis or a repeat </ P> <P> inside and outside the focus of this conference is undoubtedly Greece, Spain, Portugal and other EU member states sovereign credit crisis. .</ P> <P> data show that in 2009 the Greek budget deficit is expected to reach 12.7% of GDP, public debt to GDP ratio will reach 113%, far exceeding the EU requirements are 3% and 6% .limit. .The same boat, but also Spain and Portugal, the "double high syndrome" is also quite serious. .At the same time, the euro zone debt crisis caused the stock market turmoil, the euro fell, the dollar appreciation. .To this end, the outside world began to worry about the problems within the euro zone will turn into "Lehman" style crisis spread to other developed and emerging markets, and the "financial crisis" level may be more serious. ."The euro area's economies are often exists between the debt chain, to provide loans to each other. So if a country debt crisis, it is easy to extend to other countries." Fudan University, Hua Min, director of the World Economic Research Institute said. .</ P> <P> "the United States to restart from the end of last year appreciation trend, the euro against the dollar has been a lot, and because investors believe that Greece, Ireland, Spain and other economic fundamentals are not good, no doubt will lead to a large number of capital flight .. "</ P> <P> At the same time, China and China pointed out that" if the EU does not effectively solve the problem, the collapse of the euro is possible. "</ P> <P> However, this argument, Sun Lijian .can not agree, "this crisis was not conductive effect, because the EU is not very bad fundamentals, if the EU can develop practical measures to ease the funding strand breaks are given to repay a time, then it is not too late. ."Sun Lijian that the key is to avoid the second crisis, not panic. ."Once the cause of the panic, normal financial activities will be out of control, investors will sell stocks, funds redeemed, will enlarge the risk of running away, causing the worst outcome." </ P> <P> EU "the shot ."</ P> <P> Clearly, EU officials have also recognized the seriousness of the problem was. .French Institute of International Relations, said economist Jacques Mistral, Jean-Claude Trichet has with Germany, France, the two leaders of the EU's largest economy and finance ministers formed the "Troika", proceed to deal with this debt .crisis. .Permanent President of the Council of Europe also announced Rompuy February 11th informal leadership meeting held in EU member states, focusing on the current crisis. .</ P> <P> a matter of fact, and in order to reduce the deficit, Greece and other countries have successively announced major cuts in public spending and taxation. .But the current, these countries are generally facing another sharp rise in unemployment embarrassing, so I'm afraid the government efforts to reduce the fiscal deficit will lead to domestic social unrest, the dilemma is not a good deal. .</ P> <P> China and China, said: "The ECB should be some action. Or be as large as the U.S. government has the debt crisis of the state to inject, or take a more liberal macroeconomic policies, such as lower debt mortgage financing .the threshold. "</ P> <P> this, Sun Lijian also agree. .In his view, Greece, Portugal has always been cyclical developments, the foreign dependency is very high. .Good times when the external environment, economic 也好. .Optimistic about the future expectations based on the illusion of economic development throughout the state debt, the government has become bloated expansion, once the external environment deteriorated, it will hit. ."Therefore, the EU should not only help them out of the crisis, but also to reform its present situation, this is the root of medical treatment." </ P>.