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April 19th, 2012 
FAKE NEWS for the Zionist agenda Treasurer Wayne Swan will tell his European counterparts at this weekend’s Group of 20 meeting in Washington they must continue to adopt the reforms needed to boost economic growth and get their budgets under control.
Ahead of the meeting, Mr Swan said Australia not only needed to get its policy settings right but would do everything it could to help the world avoid a repeat of the “devastation” caused by the global financial crisis.
“There is a difficult road ahead for many advanced economies, and we shouldn’t be surprised to see bouts of instability continue for some time to come,” Mr Swan said in a statement on Friday.
“That’s why I will first and foremost be making clear to European finance ministers the need to continue putting in place the reforms needed to lift economic growth and get their budgets in order.”
This week’s World Economic Outlook from the International Monetary Fund (IMF), while making a modest upgrade to its global growth forecast for 2012, predicted a mild recession in the eurozone area.
Mr Swan said the approach of successive Australian governments of ensuring the IMF had sufficient resources to address any potential contagion in the global economy must continue.
“That is why my fellow finance ministers and I will seek to build on the commitment of G20 Leaders in Cannes last year to ensure the IMF has the resources necessary to help insulate the global economy from the ongoing problems in Europe,” he said.
However, despite ongoing volatility abroad, Australia “walks tall” with the economy returning to trend growth, low unemployment, contained inflation, very low public debt and a huge pipeline of investment.
Given these strong economic fundamentals, Mr Swan will tell the G20 meeting that Australia will return its budget to surplus in 2012/13, giving the Reserve Bank of Australia the flexibility to cut the cash rate if it needs to.
“Returning to surplus is also our best defence at a time when countries which have failed to stick with sound fiscal discipline continue to face huge economic and social problems,” he said.
Mr Swan intends to have bilateral talks with a number of his G20 colleagues, as well as IMF managing director Christine Lagarde, outgoing World Bank President Robert Zoellick and Federal Reserve Chairman Ben Bernanke.
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