The leaders of the most robust European economies are meeting in Berlin today to hammer out a joint European stance, in view of the G20 Summit Meeting due to be held in London on 2 April. Participating will also be representatives of "emerging" economies. The Berlin meeting is being held in the after-clap of Germany's decision to support financial week countries of the eurozone.
German Chancellor Angela Merkel told the attendees that regarding money markets, no transaction zone would not be allowed in the future to escape checks by the supervising authorities, adding that stricter transaction rules including systems of "effective" and "early alert" would be introduced.
Furthermore, the German side made it clear that the golden boys' pays would be clipped, while some tax privileges of companies would be abolished.
Regarding governments, they will be asked to "coordinate" in a better way financial policies at a European level, while one of their primary targets will be to tonic the development rate of national economies at all costs. In this sense, France, Britain, Spain, Holland and Italy have to play an important role. "Protectionism", as a means of exodus from the present crisis will be flatly denounced.
The coordinating an collective effort in favour of the financial reviving in the 16-member eurozone should not be considered by some an effort to abolish financial policies "friendly" to ecology, stressed Germany.
In an article in the Observer, the British prime minister points out that the Banks from now on should serve civilians and not act as masters of the political system.
Meanwhile, the International Monetary Fund and Italy have expressed their support to the issuing of a euro-bond, while the European Central Bank, as well as Germany expressed their intense reserves.
Germany has proposed from its side the setting up of "danger atlas", as it calls it, to locate from now on financial problems in time.
At the same time, hundreds of people held rallies in Berlin and Ireland during the meeting. It has been estimated that 100,000 people participated in the demonstration in Dublin. They were protesting that with the taxes added to employees and cuts on salaries and taxes on pensions being promoted the employees will be the ones to be affected an not Banks.