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President Rejects
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Ecuadorian
President Hails G20
Agreement As "Important"
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Trial On April 7
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Funding to IMF
Ecuadorian
President Hails G20
Agreement As "Important"
Quito - The agreement,
reached at the G20 Summit to tackle the
world financial crisis, was "important,"
Ecuadorian President Rafael Correa said on
Friday.
Correa said in an interview to local radio
station "Radio Publica" that the
contribution of 1.1 trillion U.S. dollars
set aside by the agreement will bring
benefits to countries like Ecuador.
The leaders from G20 agreed on Thursday to
give 1.1 trillion dollars to the world
economy nad impose restrictions of the
bankers' salaries and bonuses.
"If U.S. and Europe are boosted, it means
that they will buy more U.S. and European
products, but also foreign products, so
there we can place our exports," Correa
said.
This means that they will have more saving,
financing and investment capacity.
"We left the turbulence. It may be possible
that things complicate in the future, but
for now we should not be afraid of a bigger
adjust," Correa said.
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