Joint press conference/Saint Petersburg
05-9-2013 — /EuropaWire/ — Good afternoon,
The European Union comes to this summit with a message of confidence.
The EU delivered on its commitments made last year, but the global recovery still remains fragile. There are positive signs in advanced economies. On the other hand, growth has lost momentum across a number of larger emerging market economies. It is therefore important that this summit sends a strong message of confidence – backed up by sound economic strategies – that the recovery will continue. A message that reassures our citizens about the G20’s collective determination to tackle the persisting challenges in a cooperative manner.
Concretely, we want results in four areas:
Firstly, all of us must endure in our efforts to inject fresh dynamics in the global economy so that people have a perspective to work and businesses a perspective to invest. This would further enhance confidence at a moment where the recovery is gaining pace in the developed economies. The Saint Petersburg Action Plan should be the vehicle for this continued collective action for growth and jobs.
We in Europe are seeing a turning point. We should avoid any kind of complacency, namely because of the high level of unemployment but indeed there are positive signs of recovery. It is critically important in Europe – and also in other parts of the world – that we make all the efforts to make this recovery sustainable over time. That’s why credibility and confidence are key.
Secondly, we expect this G20 to maintain the momentum on financial regulation and continue filling the blanks in financial markets. Remember: the G20 leaders’ process was born out of necessity to coordinate an effective global response to the global financial crisis. Our commitments are beyond doubt: nobody and nothing in financial markets should remain unregulated. And the G20 achievements are remarkable delivering on a large reform agenda. But the G20 needs to continue implementation in order to secure a level playing field. We must address remaining issues like systemic risk and cross-border questions.
Thirdly, and probably most importantly: this summit will complete the paradigm shift in taxation. Citizens can be reassured: The days of tax fraud and tax evasion by individuals and by companies are counted. We are introducing more fairness in taxation. The G20 should finish what we have started in Europe by making the automatic exchange of information the global standard. I will push to start the automatic exchange of information among G20 members as soon as 2015. We also need to take decisive action against profit shifting and base erosion, based on the OECD’s excellent work.
Finally, trade will feature high in our discussions. There is no doubt: open and free trade is the best – and cheapest! – way to stimulate our economies, support the global recovery and bring benefits also to the poorest. That’s why this summit should confirm the G20’s commitment against protectionism, extend the Toronto standstill clause and do more to roll back trade-restrictive measures. Almost 700 of these measures have been taken since 2008 and only very few have been rolled back. This trend is very disappointing and dangerous. It needs to be turned around. We also should give a strong signal to our negotiators in the World Trade Organisation to conclude a deal in Bali in December with trade facilitation at its core.
The European Union has a good story to tell in all these four areas. Let me just give you a few examples:
On financial regulation: Europe has come very far in regulating financial markets so that they can serve the economy and not themselves. About 30 European Union laws since 2008 are being enacted, protecting savers’ deposits and making financial products safer and more transparent. We have established a single rule book for all 8.000 banks in the European Union and stepped up our capital requirements in line with G20 commitments. And now Europe is ready to lead sweeping action to bring light into an area that so far has remained in the dark: shadow-banking. Just yesterday the European Commission presented an ambitious approach for oversight and regulation of shadow-banking, including a draft European law on money market funds.
On taxation: since 2005, the European Union has been developing an automatic exchange of tax information. And we are acting against corporate tax fraud and tax evasion. We are leaving no stone unturned to detect those individuals and companies who do harm to the public purse and to the citizens. We do not accept that billions are lost when we need it most to invest in our collective future.
On trade, Europe remains at the forefront in the fight for open, free and fair trade. We have spared no efforts in the WTO to move the Doha Round further. Now we are working hard to come to an agreement in Bali in December with trade facilitation. And we are liberalising our trade relations with numerous countries and regions in the world, among them Japan, South Korea, Canada and the United States of America. And we are doing this in full consistency with the multilateral trading system.
We are also putting in place ambitious trade agreements with some countries in our neighbourhood. This should be welcomed as a positive example of the European Union’s action to stimulate growth and jobs. Not only in these countries, but also in the wider region. We expect that the sovereignty of our neighbours and partners will be fully respected.
To conclude: we expect this summit to recognise and further encourage the efforts we are making in Europe. We expect it to be a further lesson for all G20 members in our process of collective learning. This requires the willingness to listen, to cooperate and to act. It is about mutual encouragement and support for moving towards recovery together. It is more important than ever that nobody in the G20 relaxes their efforts. After 5 years of existence, people should be able to see that the G20 leaders’ process has proven its relevance and is delivering on its promises. This Summit should be a new decisive step towards global recovery and increased financial stability.
One final word: I know Syria is on everyone’s mind, and it’s also on ours! We need to forge a consensus in the international community on how to respond to the latest developments and also on how to put an end to this conflict. This abhorrent situation remains a stain on the world’s conscience. The situation in Syria is indeed the biggest humanitarian tragedy of our times. This week the appalling number of 2 million Syrian refugees was reached. We all have a duty to act, and the European Union believes that efforts should be developed towards a political solution for the conflict and the European Union is indeed providing relief, more than EUR 1.3 bn so far, for the people on the ground suffering the consequences of this most dramatic situation.
I thank you for your attention!
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Digi Communications N.V. announces share transaction made by a Non-Executive Director of the Company with class B shares
- Digi Spain Telecom, the subsidiary of Digi Communications NV in Spain, has concluded a spectrum transfer agreement for the purchase of spectrum licenses
- Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию
- Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights
- North Texas Couple Completes Dream Purchase of Ouray’s Iconic Beaumont Hotel
- Предприниматель и филантроп Михаил Пелег подчеркнул важность саммита ООН по Целям устойчивого развития 2023 года в Нью-Йорке
- Digi Communications NV announces the release of the Q3 2023 Financial Results
- IQ Biozoom Innovates Non-Invasive Self-Testing, Empowering People to Self-Monitor with Laboratory Precision at Home
- BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”
- Motorvision Group reduces localization costs using AI dubbing thanks to partnering with Dubformer
- Digi Communications NV Announces Investors Call for the Q3 2023 Financial Results
- Jifiti Granted Electronic Money Institution (EMI) License in Europe
- Предприниматель Михаил Пелег выступил в защиту образования и грамотности на мероприятии ЮНЕСКО, посвящённом Международному дню грамотности
- VRG Components Welcomes New Austrian Independent Agent
- Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
- Продюсер Михаил Пелег, как сообщается, работает над новым сериалом с участием крупной голливудской актрисы
- Double digit growth in global hospitality industry for Q4 2023
- ITC Deploys Traffic Management Solution in Peachtree Corners, Launches into United States Market
- Cyviz onthult nieuwe TEMPEST dynamische controlekamer in Benelux, Nederland
- EU-Funded CommuniCity Launches its Second Open Call
- Astrologia pode dar pistas sobre a separação de Sophie Turner e Joe Jonas
- La astrología puede señalar las razones de la separación de Sophie Turner y Joe Jonas
- Empowering Europe against infectious diseases: innovative framework to tackle climate-driven health risks
- Montachem International Enters Compostable Materials Market with Seaweed Resins Company Loliware
- Digi Communications N.V. announces that its Belgian affiliated companies are moving ahead with their operations
- Digi Communications N.V. announces the exercise of conditional share options by an executive director of the Company, for the year 2022, as approved by the Company’s Ordinary General Shareholders’ Meeting from 18 May 2021
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2022 financial year
- Digi Communications N.V. announces the availability of the 2022 Annual Report
- Digi Communications N.V. announces the general shareholders’ meeting resolutions from 18 August 2023 approving amongst others, the 2022 Annual Accounts
- Русские эмигранты усиливают призывы «Я хочу, чтобы вы жили» через искусство
- BevZero Introduces State-of-the-Art Mobile Flash Pasteurization Unit to Enhance Non-Alcoholic Beverage Stability at South Africa Facility
- Russian Emigrés Amplify Pleas of “I Want You to Live” through Art
- Digi Communications NV announces the release of H1 2023 Financial Results
- Digi Communications NV Announces Investors Call for the H1 2023 Financial Results
- Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report
- “Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine
- Digi Communications N.V. announces the availability of the 2022 Annual Financial Report
- “AmsEindShuttle” nuevo servicio de transporte que conecta el aeropuerto de Eindhoven y Ámsterdam
- Un nuovo servizio navetta “AmsEindShuttle” collega l’aeroporto di Eindhoven ad Amsterdam
- Digi Communications N.V. announces the conclusion of an amendment agreement to the Facility Agreement dated 26 July 2021, by the Company’s Spanish subsidiary
- Digi Communications N.V. announces an amendment of the Company’s 2023 financial calendar
- iGulu F1: Brewing Evolution Unleashed
- Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом
- Hajj Minister meets EU ambassadors to Saudi Arabia
- Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists
- Digi Communications N.V. announces that conditional stock options were granted to executive directors of the Company based on the general shareholders’ meeting approval from 18 May 2021
- Digi Communications N.V. announces the release of the Q1 2023 financial results
- AMBROSIA – A MULTIPLEXED PLASMO-PHOTONIC BIOSENSING PLATFORM FOR RAPID AND INTELLIGENT SEPSIS DIAGNOSIS AT THE POINT-OF-CARE
- Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation
- Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar
- Digi Communications N.V. announces the conclusion of two Facilities Agreements by the Company’s Romanian subsidiary
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by the Company’s Romanian subsidiary
- Patients as Partners Europe Returns to London and Announces Agenda Highlights
- GRETE PROJECT RESULTS PRESENTED TO TEXTILE INDUSTRY STAKEHOLDERS AT INTERNATIONAL CELLULOSE FIBRES CONFERENCE
- Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain
- XSpline SPA / University of Linz (Austria): the first patient has been enrolled in the international multicenter clinical study for the Cardiac Resynchronization Therapy DeliveRy guided by non-Invasive electrical and VEnous anatomy assessment (CRT-DRIVE)
- Franklin Junction Expands Host Kitchen® Network To Europe with Digital Food Hall Pioneer Casper
- Unihertz a dévoilé un nouveau smartphone distinctif, Luna, au MWC 2023 de Barcelone
- Unihertz Brachte ein Neues, Markantes Smartphone, Luna, auf dem MWC 2023 in Barcelona
- Editor's pick archive....