G8 disagreement on economic recovery and talk about tightening policy

local time 13th, the Group of Eight (G8) finance ministers meeting in the southern Italian city of Lecce concluded, the joint communiqué after the meeting said the global economy has shown signs of stabilisation, but the economic and financial system risks remain, the future economic situation remains uncertain.　　The "Lecce Framework (Lecceframework)" presented at the meeting was one of the highlights. The finance ministers of the United States, Britain, Canada, France, Germany, Italy, Japan and Russia held a two-day meeting at Lecce 12th and 13th, which addressed issues such as the economic and financial situation.　　In the joint communiqué, countries continued to pledge to continue to safeguard macroeconomic stimulus policies, in particular medium-term fiscal plans, in order to stabilize prices, promote confidence in investment and restore consumer confidence, and ensure the eventual stability of the financial system.　　But the two most popular subjects of the conference-the "exit strategy" of the radical stimulus plan and the banking "stress test"-were not fully discussed, the joint communiqué only stated that it would continue to promote the reform of international financial institutions such as the International Monetary Fund (IMF) in order to play a greater role in the global economic system.　　IMF chief Dominique Strauss-Kahn has warned that even if the signs of recovery are true, average growth will only come in 2010 years, and that unemployment will peak at the beginning of 2011.　　Finance ministers confirmed that once the economic situation has really improved, the government will inevitably shrink its economic and financial policies, but the joint communiqué did not disclose the specific measures adopted by Governments to implement austerity policies, and only asked the IMF to launch "necessary analytical work" to assist countries in the implementation of the different exit strategies. But U.S. Treasury Secretary Timothy Geithner said it was premature to shift from loose policy to austerity, but governments should start thinking about a medium-to long-term, sustainable fiscal plan, and the current signs of stabilisation are the result of a massive stimulus package that has already been implemented.　　Britain's finance minister, Darling, also said the premature "exit strategy" could jeopardize the global economic recovery.　　The meeting is the last meeting of the finance ministers before the G8 summit next month, the main outcome of which is to propose a "Lecce framework" for strengthening financial regulation and to strengthen regulation of international financial markets by a series of "legitimate, honest and transparent" guidelines.　　The communiqué stated that the crisis had demonstrated the appropriateness of business practices, the importance of integrity and transparency, the "Lecce framework" is a set of common principles and standards for international commercial and financial behaviour and seeks to extend the plan to encompass a wider range of G20 and other countries, laying the groundwork for long-term and stable growth of the global financial system Eurozone governments said they would not follow the US "stress tests", and that the financial institutions that had been tested declined to disclose the results. They say the eurozone's financial traditions are different, so there can be no single standard to complete the "stress test" of the banking sector, or a new round of banking crises.