Boosting economy to top G20 talks G20

Boosting economy to top G20 talks G20

They are gathering as friction（摩擦） mounts over when to scale down stimulus efforts as signs of recovery emerge.
However, while there is expected to be consensus（一致，合意） over continuing to spend, a proposal to curb bankers' bonuses may face US and UK opposition. A full G20 meeting takes place in Pittsburgh later this month.  US Treasury  Secretary Timothy Geithner said he did not expect any major announcements to emerge from the London talks.
With Japan, France and Germany officially out of recession, minds are turning to co-ordinating the withdrawal of billions of aid and stimulus measures that were injected into countries by their governments over the past year. And finance ministers and central bankers are set to co-ordinate plans for the eventual tapering off of government support.
Other financial reforms are up for discussion, including the a US proposal for a international agreement on forcing banks to increase their capital reserves to help prevent another financial crisis. The leaders of the UK, France and Germany have said the G20 group must adopt "binding rules" to regulate bank behaviour.
UK Prime Minister Gordon Brown, French President Nicolas Sarkozy and German Chancellor Angela Merkel made the comments in a joint letter.
They also agreed to explore ways of limiting bonuses at banks to prevent future financial meltdowns, saying banks could not go on as if the crisis never happened.
UK Chancellor Alistair Darling told the CBI in Scotland, that bonuses were not a problem if they were "deservedfor long term success or hard work" but added "a bonus shouldn't be guaranteed, it should be earned".
He echoed the view that nations must work together, saying international co-operation was needed to "prevent banks playing one country off against another". 'Reprehensible' In the letter, the  three leaders say "speculative activities that constitute（构成，组成） a risk to financial stability should also be discouraged by increasing capital requirements".
They also discussed bankers' pay, which has been the subject of much debate in the run-up to the G20. "We should explore ways to limit total variable（可变的，易变的） remuneration（报酬） in a bank either to a certain proportion of total compensation or the bank's revenues and/or profits," they said. ohovyaonerng