-
1.Western central banks have joined forces to cut interest rates.
2.The Western Group of Seven countries announced an action plan in Washington on the 10th, aiming to stabilize the global financial situation, restore market confidence, and support economic growth.
The action plan, unveiled at the U.S. Treasury Department**, said the G7 believes that the current situation calls for "urgent and extraordinary" action, and that the G7 members will continue to work together to stabilize financial markets and restore credit flows to support global economic growth.
Under this plan, the Group will take decisive action to prevent the failure of financial institutions that are important for the security of the financial system, using all available means. The Group will also take all necessary measures to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding.
At the same time, the group will ensure that banks and other major financial intermediaries are able to raise capital through public or non-public means, if necessary, to rebuild market confidence and continue to lend to households and businesses. The Group will ensure that the savings insurance and guarantee schemes in Member States are effective and coordinate actions to give depositors confidence in the safety of their deposits.
In addition, the group will take steps to restart the secondary market for mortgages and other ** assets in due course.
The plan also says that these actions must not be carried out to the detriment of taxpayers and must not have a potentially damaging impact on other countries.
The Western G7 includes the United States, Germany, Japan, France, the United Kingdom, Italy, and Canada. The group's finance ministers and central bank governors met in Washington that day to discuss how to deal with the intensifying global financial crisis.
-
The United States said that it would come up with hundreds of billions to save the market, but these hundreds of billions could not save the market at all, and the economic losses of the United States exceeded tens of trillions. Now the United States has a large number of companies that have closed down, a large number of layoffs, and this method is used to save money. Because of unemployment, many people are poor, so fewer and fewer people go out to consume.
The U.S. economy continues to recession, and next year will be worse than this year.
-
Passing on the debt to China.
-
1. Equity reorganization, capital increase and share expansion. ** Restructuring of financial institutions in crisis, increasing capital and shares. For example, the United States nationalized the "two-house" and turned private enterprises into state-controlled enterprises.
2. Bad debts are packaged, cut and stripped. Strip the bank's bad debts, package them aside, redeem the funds after the bank recovers, and if the bank fails, the bad debts will be cleared by **.
3. Inject funds to solve liquidity. When banks fall into a liquidity crisis and people run on cash, inject funds to increase cash flow. or ** come forward to guarantee and enhance social confidence; Or** come forward to guarantee and let other banks lend money.
-
Legal Analysis:1Monetary policy has been adjusted in a timely manner since July 2008.
Adjust the hedging intensity in the open market, successively suspend the issuance of 3-year ** bank bills, reduce the frequency of issuance of 1-year and 3-month ** bank bills, guide the issuance rate of **bank bills to fall appropriately, and ensure liquidity**.
2.Accommodative monetary policy. In September, October, and November, the benchmark interest rate was lowered four times in a row, and the reserve requirement ratio was lowered three times, and the deposit reserve ratio was reduced, and the benchmark interest rate for loans was reduced, with the aim of increasing the amount of money in the market and expanding investment and consumption.
On October 27, a 7% discount on the interest rate of the first housing loan was also implemented; Support residents to purchase ordinary owner-occupied housing and improved ordinary housing for the first time.
4.The constraints on the credit planning of commercial banks have been lifted.
5.Adhere to differential treatment and maintain pressure, and encourage financial institutions to increase loans for the reconstruction of disaster areas, the "three rural", small and medium-sized enterprises, etc.
6.Promote foreign **: The import and export industry is the first to be affected, and there are many employees (according to statistics, it has reached 100 million). The first is to increase export tax rebates; Second, the appreciation of the renminbi is a means to increase export competitiveness.
7.Foreign economic cooperation and coordination (e.g. currency swaps between China, Japan and South Korea, etc.).
Legal basis: Civil Procedure Law of the People's Republic of China
Article 76: Parties may apply to the people's court for an evaluation on specialized issues of ascertaining facts. Where the parties apply for an appraisal, the parties are to negotiate to determine a qualified evaluator; and where negotiation fails, the people's court is to appoint one. Where the parties have not applied for an evaluation, and the people's court finds that an evaluation is necessary for a specialized issue, it shall retain a qualified evaluator to conduct the evaluation.
Article 77: Evaluators have the right to learn about the case materials needed to conduct evaluations, and when necessary, may question parties and witnesses. The evaluator shall submit a written evaluation opinion and sign or affix a seal to the appraisal document.
Article 78: Where parties have objections to an evaluation opinion or the people's court finds that it is necessary for an evaluator to appear in court, the evaluator shall appear in court to testify. Where upon notice from the people's court, the evaluator refuses to appear in court to testify, the evaluation opinion must not be the basis for determining the facts; The party who paid the appraisal fee may request a refund of the appraisal fee.
Article 79: Parties may apply to the people's court to notify persons with specialized knowledge to appear in court and submit opinions on evaluation opinions or professional issues made by evaluators.
Article 80: In the inquest of physical evidence or at the scene, the inquest person must present the people's court's identification, and invite the local basic-level organization or the party's unit to send someone to participate. The parties or their adult family members shall be present, and where they refuse to appear, it does not impact the conduct of the inquest. Relevant units and individuals have the obligation to protect the scene and assist in the inquest work on the basis of the notice of the people's court.
The inquest personnel shall make a record of the circumstances and results of the inquest, and the inquest personnel, the parties, and the invited participants shall sign or affix a seal.
-
Hello friends: Are you still worried about starting a business without funds? Then please calm down and read this letter, analyze it carefully, and then act immediately!
Colleagues who work hard to start a business, we don't have a lot of money, so we want to start a business, we want to make money, but the difficulty of starting a business lies in the problem of start-up fundraising, and mutual assistance is the traditional virtue of the Chinese nation. The purpose of this mutual aid activity is to help all friends who volunteer to participate in mutual aid activities to fulfill their wishes, raise entrepreneurial funds, and achieve the purpose of starting a business. As long as you participate and follow the rules strictly, you will be well funded.
Not only can you get tens of thousands, hundreds of thousands, millions of dollars in funds yourself, but you also support other entrepreneurs. If entrepreneurship is a turning point in life, then having the honor to participate in this mutual aid activity is a turning point in our life. However, after all, most entrepreneurs can't receive this letter, and they regret it!
So, when you get funding from countless entrepreneurs, don't forget that there are more friends who are suffering from entrepreneurship like us! Give him a letter to help him get through this. In order to better help people more directly, it is recommended that you send it to friends who want to start a business or are starting a business!
Love Mutual Aid Network: Let everyone who joins successfully benefit, love a little bit, and the return is limitless!
Scheme design concept: reciprocity, dedication, unity and enterprising.
Features: less investment, fast returns, easy operation, no random charges, everyone benefits equally!
Goal: This program is the first and only one on the Internet to get rich quickly through love and mutual assistance, and strive to build the largest love network in China, so that more people can dedicate love. It also allows more people to get wealth.
Financial crisis is pronounced as financial crisis. >>>More
Now the financial crisis in China is not as serious as it is, and you are not in the United States right now, and although China's economy has been hit, it will not be a Great Depression, and it will not be impossible to find jobs. >>>More
The financial crisis is not only a reshuffle, but also an opportunity for migrant workers to adapt to multiple types of work; It is a baptism, a test, and a learning for civil servants and entrepreneurs who take the road of Chinese social characteristics. Make our leaders more confident and powerful. Leading China's ships to move forward better.
First, the commodity ** will decline. As the demand decreases, all kinds of commodities will decline, don't worry if you want to buy a house, some people estimate that domestic houses will fall by 50% in the next one to three years or so. >>>More
It is estimated that it will take 2-3 years to pass, but it will not return to the way it used to be. The United States is such a country whose financial power far exceeds its production capacity, its GDP accounts for 35% of the world's GDP, and the market value of the US capital market accounts for 54% of the global capital market. The U.S. dollar accounts for 72% of global foreign exchange reserves and 58% of global ** settlements. >>>More