Brussels, 14/04/2014 (Agence Europe) - In Washington at the weekend, Australian Finance Minister Joe Hockey regretted the low targets set by G20 members.
Hockey currently chairs the G20 Finance summit. He said that some countries have put forward inadequate, rehashed measures, although “unpopular” structural measures are required to deal with competition and “deregulation”.
In Sydney at the end of February, the G20 set a global growth target for the first time - an additional 2% on the targets by 2018 (see EUROPE 11025). The G20 nations will publish measures that they are planning to apply and that will be set out in an action plan to be decided upon at the G20 summit in Brisbane on 14-15 November. Hockey said that achieving the global growth target would enable tens of millions of new jobs to be created. (MB)