Yesterday kicked off the World Economic Forum (WEF) Global Redesign in Doha, capital of Qatar, with the participation of representatives from 90 countries. Economists, politicians and civil society leaders in the two days set aside for the Summit will examine existing gaps in international cooperation on the construction of economic growth, strengthening global security and the international monetary system.
According to the experts "would be a grave historical error to return to complacency and the usual business" as the recent debt crisis, which has developed in several countries in the euro area shows that the global economic crisis is far from over.
Mark Malloch-Brown, speaking at the opening of the two-day World Economic Forum (WEF) has argued that "what you see from the growing debt crisis of the European countries is that the crisis in the world is transformed into a number of new infections and dangerous "so" there is a need a fair reform of international finance "which" is now more urgent than before. "
The European crisis was triggered by Greece and by the turmoil of the English banking industry, raising fears that some euro area economies are no longer able to repay their debts.
global economic imbalances, inadequate risk management and lack of transparency have contributed to the crisis, while the failure of some financial institutions that we strongly believe has led to "a critical loss of confidence in the markets" .
Arif Naqvi, CEO of Abraaj Capital, a Dubai-based company that invests in the Middle East, North Africa and South Asia said yesterday that the persistent difficulties in Europe indicate that the world has not yet emerged from the crisis. "I think the crisis has demonstrated the euro - has done this - to the point where we can not take anything for granted." The summit also involved
Benjamin Ben-Eliezer, the Ministry of Industry, Trade and Labor of Israel.
(from in-dies.info)
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