World leaders on global crisis

World leaders unveiled a set of sweeping plans on Saturday aimed at tackling the ever-expanding economic crisis.

The main theme of Saturday’s emergency meeting of world leaders in Washington, the world’s economies are becoming more connected all the time and they are in big trouble these days. They are planning to get out of the economic slump, watch out for each other and let fast rising nations help out. Our Richard Quest runs up the summit from Washington.

Richard, I understand that the summit there the leaders were there did leave / a plan, tell us about this plan.

Well, the plan was detailed and extreme, it was some 20 pages long, and it breaks down pretty much into a commitment of recognition that something needs to be done now. What they called therapy effect, in other words help people who are struggling in recession, losing their jobs, countries going down the toilet, if you like, at the moment. Now that talked about cutting interest rates, increasing government spending. But, for the financial industry, there was an action plan. That was very detailed. It talked about regulation, accounting principles, it dealt with the reform of so called Bretton Woods Institutions, International Monetary Fund and the World Bank. I would not rumbling along the fully 11 pages of the document. You can read that yourself, just it is that the message went out: this is not business as usual.

Ok, Richard, we have to keep it real here. There are 20 world leaders that are involved in this, will they all be able to work together to actually solve this global financial crisis? I mean there were times before when one side wants to do one thing and another side wants do something, is this actually feasible?

I think that was the surprise of the document. President Bush eluded to that. Gordon Brown, said it well, when they decided who to be around table, how many should come in? When they decided that they weren’t sure if they had 20countries, if it comes out anything more than an agreement of coffee. But in the event, they did manage to come out with this and I think that speaks volumes to the fact that developing world, countries like Brazil, India, South Africa, they recognized they had a seat in this table. On the developed world, the G 7, Australia, Canada, they recognize that they are in deep deep/ trouble. This meeting was an accommodation, if you like, of the necessity. It was a realization of the reality. It was a coming together of the practicality.

Ok, now, they meet again in April to kind of review their progress, we only keep our fingers crossed that there are actually some progress by that time.

Oh, you are an old cynical. Even if you are young, you are cynical, its’ dripping. Look, the truth, by the time they meet again in April, in the April, several things would happen: their immediate response to the crisis, fiscal, monetary stimulants will have a good idea of how that coming along. On the reform of financial markets, there, we will be able to see how much the financing industry fall back. Let me put it a little cynicism myself in, when the finance industry, the hedge funds, wall street, the city, Asia, when they realize what coming down a road towards them, like a speeding truck, they will stop fighting back. They will haul we don’t need so much regulation, we don’t this, we don’t want that. Well, get over it, guys, those leaders, I can tell by their body languages, I can tell by what they are saying, they are angry, they are frustrated, and they annoyed, that they are having to deal with this, when they should be dealing with the manifesto, promises and/, spending money. They are pouring money into putting into the fire out, when they would like to doing, building brand new buildings.

All right, Richard, we thank you for your insight.

世界各国领导人周六提出了一套志在解决不断扩大的经济危机的方案。

在华盛顿世界各国领导人紧急会议的主题——世界经济现在比以往任何时候都和各国紧密相连，休戚相关。领导人计划走出经济低谷，希望相互帮助并且希望新兴的经济大国能够援助。我们的Richard Quest现在就在华盛顿的领导人峰会上。

Richard，我知道在各国领导人峰会上，他们提出了一个计划，请详细介绍一下这个方案好吗？

这个计划非常详尽，长达20页。他们明确承诺，现在必须要采取一定的措施。他们称为“治疗效果”。如果乐意，可以换句话说，就是帮助在经济衰退中挣扎，失业的人，帮助经济下滑的国家拜托困境。现在只是在降低利率，增加政府支出。但是，在金融产业也有一项行动计划。这个计划非常详细。它阐述了调控，会计准则，解决所谓的布林顿森林体系，世界货币基金组织和世界银行的改革。我几乎没有时间读完整整11页的文件。你可以自己阅读，只是传达出了一个信息：这不是闹着玩的。

Richard，让我们回到会议本身。与会的有世界上20个国家的领导人，他们真的能够团结一致共同解决全球金融危机吗？我是说，以前经常各国之间经常会有分歧。这次的计划是切实可行的吗？

我想这个文件确实有点出人意料。布什总统逃避这个问题。Gordon Brown说的比较好，他说当他们决定谁会来参加会议，会来多少个国家，他们也不确定20个国家会不会全来，能不能达成一致。但是在这个会议上，他们确实团结一致达成了共识。这更彰显了一个事实，就是像巴西，印度，南非这样的国家也意识到他们在这个会议上占有一席之地。发达国家方面，七国集团，澳大利亚，加拿大，他们感到自己深陷困境。

这个会议是必须的。这是因为他们意识到形势的严峻。他们是为了解决问题而坐在一起的。

他们在明年4月份还会再召开一次蜂会来观察这次会议的效果。我们祈祷到时真的会有进步。

哦，你太激进了。即使你很年轻，你也太激进了。这是循序渐进的事情。事实上，当他们4月份再会晤的时候，有几件事已经发生了：他们对危机的迅速反应，财政，货币激励措施都会产生一定的作用。在金融市场的改革方面，我们也能够知道金融产业到底衰退了多少。让我插入一点我个人的评论，当金融产业，对冲基金，华尔街，亚洲，当他们意识到将来采取一系列的强有力的措施来解决这些问题的时候，他们就会停止反击了。他们会说我们不需要这么多调控，不需要这不需要那。算了，伙计们，我从那些领导人的肢体语言可以分辨出，他们非常生气，非常沮丧，非常愤怒，他们不得不处理这个问题，他们本来应该在处理宣言，承诺，应该在花钱。他们在把本来应该在建筑新的建筑的钱扔进了火坑。