Terminalcables

Cannes is a famous French holiday place, more in order to film festival is well known in the world, movie stars red carpet show often attract fans all over the world. G20 summit (G20) this year held here, but the global political leaders is to aid the consensus of the global economy, or just go a beautiful field, had made no judgment. But to be sure, the G20 has been unable to agree, more difficult to promote global monetary system reform.

Can see, world leaders to cannes in when it with their policies, and at the same time, the euro area is also New Era Hats looking forward to China's leaders to bring the euro checks. However, when the plane landed after cannes, the leaders have to claim the original reservations, it all comes from the Greek government referendum Suggestions. Leaders may consider suspended for the work of relief for the euro zone support, even for the global governance reform, and no chance to exchange.

This summit is in the European sovereign debt crisis erupted after the held in 2008, and the international financial crisis of the G20 summit for the first time after time have a coincidence. What is different, where the international financial crisis is the developed countries private balance sheet crisis, countries still have this chance to reform fantasy international monetary system, avoid the only big dollars in global economic imbalances. Today's soccer jerseys crisis is the developed country government balance sheet crisis, world leaders are busy self-help, already are too busy global system reform. The euro zone to rescue Greece after the agreement, once let debt crisis relief, but Greece suddenly put forward a national referendum, not only let the original stranded assistance program, more let the eurozone in jeopardy.

Can imagine that, without the world of the euro, the dollar's dominant position can be moved?