World leaders comments at G20 in London

10:26, 03 April 2009
World
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Following are quotes...

Following are quotes from world leaders, finance ministers and other policymakers on Thursday at after the G20 summit announced $1.1 trillion to rescue the global economy and financial system, according to Reuters.

RUSSIAN PRESIDENT DMITRY MEDVEDEV

"Twenty or 25 years ago it would be impossible to imagine a situation when so different nations, with so different economies, various mentalities and historical traditions could sit down at the same table and be able to agree on how to act in such a complicated situation, and to do it fairly fast!"

"The speed with which we are acting at least makes me think that many of the decisions we are taking will be pretty effective."

AUSTRALIAN PRIME MINISTER KEVIN RUDD

"Today`s agreement begins to crackdown on the cowboys in financial markets that have brought global markets undone with real impact on jobs everywhere."

EU PRESIDENT JOSE MANUEL BARROSO

"It is an historic moment, a defining moment for our global response to the crisis...We took the right decisions," he told the BBC.

Trade: "Many participants underlined the importance of the Doha trade talks for promoting economic recovery. For Europe it`s the cheapest way of doing it as you are not creating debt.

US: "The fact that President Obama showed a willingness to engage, it`s a very good signal that we may reach that agreement during this year."

ITALY PRIME MINISTER SILVIO BERLUSCONI

Trade: "On the Doha trade round we decided we will look more closely at the issue and fix a meeting at Maddalena to make a final decision."

Another G20 summit: "Everyone thought it was necessary to keep the crisis under control and verify whether the measures had had positive results or whether to add more steps to those taken."

YVO DE BOER, HEAD OF U.N. CLIMATE CHANGE SECRETARIAT

"This is a good example of the major economies of the world coming together and developing a common understanding.

"The commitment to reach agreement in Copenhagen was made in Bali (in 2007). It`s always useful to reiterate the commitment, better to actually do it.

"What I do find fundamentally important is that (a greener economy) is part of everybody`s thinking."

SOUTH AFRICAN PRESIDENT KGALEMA MOTLANTHE

Crisis measures: "We are all concerned about the fact that the bottom of the crisis is not visible yet and therefore are aware and alive to the fact that the decisive and courageous steps that have been taken to stem the freefall may not be adequate to address the full impact of this crisis."

SPANISH PRIME MINISTER JOSE LUIS ZAPATERO

"This summit contributes to confidence ... and will facilitate recovery" "We have set in motion the greatest concerted plan of fiscal expansion in history. it is unprecedented. it reaches 5 trillion.....This amount will contribute in a decisive way to facilitate a recovery of the world economy and to preserve millions of jobs"

THAI PRIME MINISTER ABHISIT VEJJAJIVA, REPRESENTING ASEAN

"We are pleased that the communique covered a lot of ground and responded to our needs. The stimulus package is now clearly focused on jobs and growth. And we are doing it through global financial institutions, not just individual country efforts. The various reforms in terms of the global financial institutions and the new facilities again respond better to the needs of emerging and developing economies. We are not losing sight of medium and longer term goals in terms of development."

ED MILIBAND, UK ENERGY AND CLIMATE CHANGE MINISTER

"I think the very fact of the world`s 20 most important countries committing to a (climate) agreement in Copenhagen is very important and it will give us momentum."

"(People) now have a sense that the economy of the future we`re trying to build is ... a low-carbon economy and that`s very significant."

Reuters

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