Davos after the crisis exit strategy

28th, financial big Hencolos in the Davos Winter Forum Conference Center unexpectedly a Butt sat on the steps. Some analysts have said that if 2009 is a year for countries to "bail out" the stimulus package, 2010 could be a year of "exit" of relevant policies.　　The participants in Davos were hotly debated over how to retreat from the massive stimulus package. According to the Xinhua news agency after the financial crisis, the U.S. government spent trillions of of billions of dollars to rescue the banking system, exacerbated the fiscal deficit, causing taxpayers discontent, become the "exit" one of the most stressed countries. The Obama administration has been releasing "exit" signals recently, including urging banks to repay rescue funds, limit executive pay, levy transaction taxes, limit the size of financial institutions and businesses.　　At the Davos forum, some in the financial community questioned these practices.　　George Soros, a famous American investor who is known as the "financial giant", says he opposes premature "exit" policies that could lead to a double-dip recession. In addition, the shift in U.S. monetary and interest rate policies has been a concern.　　Zhu Min, deputy governor of the People's Bank of China, said at the Davos forum that if the US began to raise interest rates and tighten the current loose monetary policy, it could lead to a sudden withdrawal of large amounts of dollar-denominated funds from emerging markets, thus causing shocks to emerging economies. It is equally difficult for Europe to "withdraw" from the current "exit" of the 16-nation eurozone.　　In fiscal policy, it is hard for countries to make rapid changes in debt, the fiscal deficit may continue to increase in 2010, Greece and other countries are facing a sovereign credit crisis, in monetary policy, the European Central Bank's firm implementation of the rescue fund "exit" policy was resisted by eurozone member countries ' banks. ECB President Jean-Claude Trichet has repeatedly stressed the need to accelerate the implementation of the "exit" policy, while severely warning governments to reduce their fiscal deficits as quickly as possible.　　However, Mr Trichet's attitude has been opposed by big banks such as Germany and France. International coordination the "exit" of governments in the 2010 is doomed to not be smooth, and as countries work together to implement stimulus policies, there is also a need for close coordination when countries implement "exit" strategies. Some analysts point out that if the pace of interest rate hikes is inconsistent, it could lead to a disorderly flow of hot money, with disastrous consequences.　　The implementation of exit policies by countries requires great skill, not only in combination with national conditions, but also in global cooperation. It takes courage to bail out and "quit" requires skill and collaboration. Countries also need to be coordinated in phasing out stimulus fiscal and monetary policies in times of crisis.