After if institutions were successful very well

A tax on transactions on the day the day markets was not among the measures that we are ready to support. Finance of as to Geithner, British Prime Minister had proposed that the g-20 countries reflect, among other proposals, to the establishment of a Tobin tax, whereas it is necessary, according to him, of refounding the "social contract" to "that it better reflects the responsibility of financial institutions to society".

If the US Finance Minister probably thus buried the idea of such a tax, which the France and the Germany are open - but that the President of the international monetary Fund (IMF), Dominique Strauss-Kahn, j. unworkable-, it is not certain that banks are not a new international tax in the re-regulation of finance. The President of the IMF indicated that his organization, at the request of the heads of State meeting in Pittsburgh in the United States in September, is currently working on a system he called "tax IMF" and whose edges must be specified in April 2010. The objective would be to "push financial officers to take less risk because it will cost them more expensive and at the same time constitute a sort of reserve fund that could be used in a crisis," explained Dominique Strauss-Kahn. More financial regulation will be binding in a given country, less the required premium will be important, he said, comparing it to insurance.

The meeting of St. Andrews was also the opportunity to clarify the framework which the greatest country in the world hope to correct major financial imbalances in the world, especially the excess savings in developing countries like China and the excess of debt in rich countries. While, for the moment, support economic policies remain in place, each country and each region of the planet must as soon as January 2010 define their policies and their objectives in April to be published the critical comments of their partners. The goal is that a G20 with heads of State in June could consider several options for harmonizing the economic policies in place to make decisions in November. Sign that these negotiations will be difficult because they will require sacrifices in some countries, the subject of currency was not addressed this weekend in St. Andrews. Or the stowage of the Chinese yuan to the dollar and therefore the alignment of China's monetary policy on us monetary policy fuels fears that a bubble is building in the financial markets.

Avoid risk-taking

Finally, the implementation of the new criteria set out by the Council of financial stability (FSB) in bonuses should be immediate. Christine Lagarde, Minister of economy, seemed reassured after "clarification of the US Treasury Secretary, Tim Geithner on the application in the United States" of these criteria. "He assured me that for the next season of the bonus the United States would be in good standing", she said. "The important thing for us is compliance with the rules in place to avoid taking risks, said the Minister about the controversy over bonuses. After, if institutions were successful, very well.