http://www.group30.org/news.htm The Group of Thirty gathers international experts in economics and finance to collectively advise policymakers and practitioners on issues impacting the world economy. en-us 2008 Group of Thirty Mon, 14 January 2008 15:12:37 EDT http://www.group30.org/news.htm An Italian MP is launching a campaign to galvanise domestic support to secure the appointment of Mario Draghi, governor of the Bank of Italy, as the next president of the European Central Bank. 5, March 2010 http://www.group30.org/news.htm Martin Feldstein leads a discussion on the international implications associated with the stability of the U.S. dollar both now and into the future. 3, March 2010 http://www.group30.org/news.htm Kenneth Rogoff explains that the Japanese economic crisis of the past should neither be overblown nor dismissed when gauging the danger of deficits and outsized stimulus packages. 3, March 2010 http://www.group30.org/news.htm Ballooning public debt is likely to force several countries to default and the U.S. to slash spending, according to Harvard University Professor Kenneth Rogoff. 24, February 2010 http://www.group30.org/news.htm Past Treasury Secretaries representing both Republican and Democratic administrations write in support of the proposed legislation to prohibit certain proprietary activities of commercial banking organizations. 22, February 2010 http://www.group30.org/news.htm The Group of Thirty has shaken up the financial reform process by proposing and gaining presidential support for the ‘‘Volcker Rule.’’ Named for the highly respected former Federal Reserve Board chairman. 22, February 2010 http://www.group30.org/news.htm White House economic adviser Paul Volcker on Thursday reiterated his view that money-market mutual funds should be regulated much as banks are if they promise to maintain a stable net asset value and pay on demand. 19, February 2010 http://www.group30.org/news.htm With Jean-Claude Trichet's term coming to a close, Mario Draghi has been named as one of the candiadates that may become the next governor of the European Central Bank. 16, February 2010 http://www.group30.org/news.htm Paul Volcker, chairman of the National Economic Recovery Advisory Board discusses the "Volcker Rule" and his advisory role to the President. 12, February 2010 http://www.group30.org/news.htm The Group of Thirty report on Financial Reform is mentioned in an article that explores the potential effects of President Obama's "Volcker Rule" announced last week. 4, February 2010 http://www.group30.org/news.htm Regardless of some bankers reactions, the Volcker rule and the Obama levy as they have been dubbed – have seized the attention of bankers and regulators around the world. 3, February 2010 http://www.group30.org/news.htm Despite numerous crisis over the last quarter century, the names which have been called upon to correct the system have remained starkingly unchanged. 2, February 2010 http://www.group30.org/news.htm Jacob Frenkel leads a discussion focusing on whether or not governments and policymakers are too focussed on averting a repeat of 2008’s near financial meltdown that they are missing unseen threats? 1, February 2010 http://www.group30.org/news.htm Guillermo Ortiz, Governor of the Bank of Mexico, comments on the need to reform the global financial system in order to prevent future crises and safeguard global markets in a meeting of top leaders in Davos. 31, January 2010 http://www.group30.org/news.htm In an Op-Ed article in the New York Times, Paul A. Volcker comments on the lessons learned in the aftermath of the financial crisis and the need to usher in new reforms of our financial system in order to prevent future crises. 30, January 2010 http://www.group30.org/news.htm In the first article of a four part series, the Economist examines Wall Street's reaction to the implications of the Volcker Rule presented by President Obama last week. 28, January 2010 http://www.group30.org/news.htm In an address at Rice University’s James A. Baker III Institute for Public Policy, Stuart P.M. Mackintosh called the American financial regulatory system ‘‘far too complex’’ but noted that ‘‘we must learn the lessons" from the financial crisis. 27, January 2010 http://www.group30.org/news.htm In its meeting on January 26, the BayernLB Board of Administration approved the appointment of Gerd Häusler as CEO of BayernLB effective 15 April 2010. Mr Häusler has served as the Board of Administration’s deputy chairman since 1 August 2009. 27, January 2010 http://www.group30.org/news.htm Paul A. Volcker, Chairman of the President's Economic Advisory Board met with President Obama to discuss a series of further financial reforms drawing directly from the G30 report. 22, January 2010 http://www.group30.org/news.htm Jean-Claude Trichet, ECB president, is to stand down in 2011, leaving Mario Draghi, Italy’s central bank chief, a highly respected figure, as a potential candidate to fill the high-level vacancy. 20, January 2010 http://www.group30.org/news.htm Following the advice of Paul Volcker, A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks. 19, January 2010 http://www.group30.org/news.htm Paul Volker comments on the need for the Obama Administration to prevent Bank Lobbyists from preventing the necessary regulatory changes that will stave off future crises. 15, January 2010 http://www.group30.org/news.htm Martin Feldstein comments on the continuing role of the U.S. Dollar as the world's reserve currency in the wake of the global financial crisis. 27, December 2009 http://www.group30.org/news.htm Martin Feldstein comments on the continuing role of the U.S. Dollar as the world's reserve currency in the wake of the global financial crisis. 10, December 2009 http://www.group30.org/news.htm In an article published by Project Syndicate, Martin Feldstein discusses the new economic tensions which are beginning to arise in the Euro Zone. 10, December 2009 http://www.group30.org/news.htm Paul A. Volcker spoke to members of the Statutory Congress of the European People's Party in Bonn, Germany. The focus of his speech was the way forward in the wake of the financial crisis. 9, December 2009 http://www.group30.org/news.htm The Loews Corporation announced on Monday that it has decided to name Jacob A. Frenkel to its board of directors. 1, December 2009 http://www.group30.org/news.htm Philipp Hildebrand, Vice-Chairman of the Swiss National Bank delivered a speech on the policy implications of the financial crisis during a conference entitled "From Fragility to Stability" at the University of Geneva. 18, November 2009 http://www.group30.org/news.htm E. Gerald Corrigan, Managing Director of Goldman Sachs & Co., discusses the current economic outlook in a speech entitled "Containing Too Big To Fail." 11, November 2009 http://www.group30.org/news.htm Janos Fekete, a deputy governor of the National Bank of Hungary (NBH) for two decades up to 1988 and one of the founding members of the Group of Thirty, was laid to rest in Budapest on Tuesday. The banker died on October 23, at the age of 91. 23, October 2009 http://www.group30.org/news.htm Mervyn King discusses the necessity of a fundamental rethinking of how the banking sector is structured and regulated, so as to prevent another recurrence of the financial crisis. 22, October 2009 http://www.group30.org/news.htm The Group of Thirty published its newest report on the reform of the International Monetary Reform. In the report the Group makes a number of key recommendations for governance, resources, surveillance, and international coordination of the Fund. 5, October 2009 http://www.group30.org/news.htm Martin Feldstein cautions onlookers of the G20 meeting in Pittsburgh, that the promises made by the G20 should be examined carefully and with an eye toward the effects of such policies. 21, September 2009 http://www.group30.org/news.htm The group announced the addition of three new members today. The new members are: Masaaki Shirakawa, Governor of the Bank of Japan; Adair Turner, Chairman of the Financial Services Authority, and Janet Yellen, President, Federal Reserve Bank of San Francisco. 16, September 2009 http://www.group30.org/news.htm Jean-Claude Trichet comments on the recovery of the global market, commenting that the economic free fall has ended, while maintaining that prudence is still necessary. 8, September 2009 http://www.group30.org/news.htm Martin Feldstein warns that ‘exploding fiscal deficits’ caused by government health programs will only hamper a swift recovery and provide for greater economic hardship in the future. 8, September 2009 http://www.group30.org/news.htm Jean-Claude Trichet explains the role of the European Central Bank in both stabilizing the European economy, and also providing a natural monetary exit as well. 4, September 2009 http://www.group30.org/news.htm Kenneth Rogoff, Lawrence Summers and Zhou Xiaochuan comment on the challenges facing the economic recovery moving forward, particularly in the area of global trade. 3, September 2009 http://www.group30.org/news.htm Montek S. Ahluwalia comments on India's continued economic growthlast quarter, despite ongoing economic troubles abroad and domestic drought which threatened India's agricultural industries. 31, August 2009 http://www.group30.org/news.htm Paul Krugman addresses the rising concern over the growing deficit the United States will be faced with in the aftermath of the global economic crisis. 28, August 2009 http://www.group30.org/news.htm Stanley Fischer’s decision to raise interest rates makes Israel the first nation to do so, leaving economists questioning whether other nations will follow suit or continue down a potentially inflationary path. 25, August 2009 http://www.group30.org/news.htm Financial leaders from the European Union and the United Kingdom cheered Federal Reserve Chairman Ben Bernanke’s reappointment as a move which will ‘provide continuity in their united effort to revive the world economy.’ 25, August 2009 http://www.group30.org/news.htm Jean-Claude Trichet cautions against a relapse of complacency and failure to carry through on promised financial reforms at the Federal Reserves annual retreat. 23, August 2009 http://www.group30.org/news.htm Martin Feldstein explains that while increase regulation is to be expected in the years following the economic downturn, overregulation is a threat that could stunt economic growth just as easily. 20, August 2009 http://www.group30.org/news.htm Kenneth Rogoff looks back at the fall of Lehman Brothers and discusses what can be learned about the ensuing financial crisis and how one could be prevented in the future. 19, August 2009 http://www.group30.org/news.htm Martin Feldstein offers recommendations on how to solve the escalating number of underwater mortgages that continue to damped economic recovery. 11, August 2009 http://www.group30.org/news.htm Paul Krugman emphasizes that aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more. 11, August 2009 http://www.group30.org/news.htm Bank of Italy Governor Mario Draghi is mentioned in the latest issue of The Global Risk Regulator, where he comments on the need for rapid financial clean-up in order to avert protectionist tendencies. 7, August 2009 http://www.group30.org/news.htm In an interview with the New York Times, Jaimie Caruana, General Manager of the Bank for International Settlements, discusses the future shape of bank regulation and how that might affect the world economic recovery. 7, August 2009 http://www.group30.org/news.htm President Obama's top economic advisor Larry Summers discusses why health reform will not stagnate the ongoing economic recovery, but rather maintain the recovery's momentum while also improving the lives of the average American. 4, August 2009 http://www.group30.org/news.htm Washington Post columnist Jane Bryant Quinn, comments on the regulation of the money-market mutual funds, as advocated by Paul Volcker and the G30 Report on Financial Reform. 2, August 2009 http://www.group30.org/news.htm Harvard economist Martin Feldstein comments on the potential consequences that an increase in savings rates may have in the current economic predicament that the United States finds itself in today, and what that means for the future of the U.S. dollar. 26, July 2009 http://www.group30.org/news.htm Bank of Italy governor, Mario Draghi assured Italians that the worst of the economic downturn is over, however now it is time to enact reforms which will prevent such a crisis from repeating. 22, July 2009 http://www.group30.org/news.htm Nobel Prize winning economist Paul Krugman challenges politicians who fear that speculation risks to undermine President Obama’s Cap-and-Trade program. 22, July 2009 http://www.group30.org/news.htm Barack Obama's top economic adviser, Lawrence Summers, has signaled the worst of the recession might be over, declaring the world's biggest economy is no longer in free fall. 21, July 2009 http://www.group30.org/news.htm Harvard economist Martin Feldstein warns that the United States' economy could be heading toward a “double-dip” economic contraction. 21, July 2009 http://www.group30.org/news.htm Roger W. Ferguson, Jr., CEO of TIAA-CREF discusses the state of the economic recovery and the Federal Reserve's new assessment of the global economic outlook. 16, July 2009 http://www.group30.org/news.htm European Central Bank President Jean-Claude Trichet, speaking in Munich, gave a spirited defense of the European Central Bank’s actions amid the global economic crisis. 15, July 2009 http://www.group30.org/news.htm Nobel Prize winning economist Paul Krugman discusses his fear that as economic and environmental crises loom on the horizon, politicians in Washington lack the political will to act swiftly to deter such crises. 12, July 2009 http://www.group30.org/news.htm Sir David Walker prepares to publish a report this week which will address the issues of corporate governance and the role of bankers in the boardrooms. 12, July 2009 http://www.group30.org/news.htm Nobel Prize winning economist Paul Krugman describes the current predicament the Obama administration find themselves in as some question a necessary second stimulus package. 10, July 2009 http://www.group30.org/news.htm Havard economist, Martin Feldstein discusses the potential risks that are associated with President Obama's Cap-and-Trade environmental policies. 9, July 2009 http://www.group30.org/news.htm Citigroup Senior Vice-Chairman, William R. Rhodes cautions the wealthiest nations of the world to act against protectionist policies which will inevitably prolong the economic downturn and only further impair the developing countries of the world. 8, July 2009 http://www.group30.org/news.htm Former Polish finance minister, Leszek Balcerowicz discusses the advantages of cutting expenditures and government spending in a time of economic slow down, as opposed to increasing taxes. 8, July 2009 http://www.group30.org/news.htm Singaporean Finance Minister Tharman Shanmugaratnam cautioned that getting out of the global downturn is going to be ‘a hard slog’ and not a quick recovery. 7, July 2009 http://www.group30.org/news.htm European Central Bank President Jean-Claude Trichet, voiced his concerns that a lack of coordination between economies will lead to precisely the same economic imbalances that caused the financial crisis in the first place. 5, July 2009 http://www.group30.org/news.htm Nobel Prize winning economist Paul Krugman, addresses the health care reform controversy by suggesting that funding such a universal program is not as complex as originally thought. 5, July 2009 http://www.group30.org/news.htm People’s Bank of China Governor Zhou Xiachuan used the opening speech at the Global Think Tank Summit to emphasize his six scenarios for rebalancing the world’s economy. 3, July 2009 http://www.group30.org/news.htm Harvard Economist, Martin Feldstein, fears that despite growth this year, the economy may “seesaw” in 2010, bringing greater decline in the coming years. 2, July 2009 http://www.group30.org/news.htm Governor of the Bank of Israel, Stanley Fisher, commented that he believes that the worst of the global economic crisis is over and that most economies will begin to see growth by late 2009 and early 2010. 2, July 2009 http://www.group30.org/news.htm Martin Feldstein, Professor of Economics at Harvard University, comments on the responsibility of the Federal Reserve to curb inflationary fears within the market. 30, June 2009 http://www.group30.org/news.htm Jaime Caruana, General Manager of the Bank of International Settlements, warned that watered down structural and financial reforms could pose more danger for the global economy. 29, June 2009 http://www.group30.org/news.htm Citi Senior Vice Chairman William Rhodes was awarded the Fulbright Award for his commitment to global corporate cooperation. 29, June 2009 http://www.group30.org/news.htm Bank of England governor, Mervyn King, says that British banks may need more capital in order to finance the economic recovery that is necessary to restore Britain’s fledgling economy. 18, June 2009 http://www.group30.org/news.htm Ahead of the Financial Security Board’s first plenary session later this month, Chairman Mario Draghi explains that it isn’t too early to begin drafting exit strategies after spending hundreds of billions on stimulus, even if such strategies can’t be utilized right away. 17, June 2009 http://www.group30.org/news.htm Geoffrey L. Bell of Geoffrey L. Bell and Company explains that the economy is more likely to see a slow recovery to the international financial crisis as opposed to a rapid one. 16, June 2009 http://www.group30.org/news.htm Stuart Mackintosh, executive director of the Group of 30 and Allan H. Meltzer, professor of political economy at Carnegie Mellon, weigh in on the causes of the global financial crisis. 15, June 2009 http://www.group30.org/news.htm Lawrence Summers, director of the National Economic Council and Treasury secretary Timothy Geithner, lay out the administration’s vision for a new financial foundation. 15, June 2009 http://www.group30.org/news.htm Lawrence Summers, director of the National Economic Council and Treasury secretary Timothy Geithner, lay out the administration’s vision for a new financial foundation. 15, June 2009 http://www.group30.org/news.htm Stuart Mackintosh, executive director of the Group of 30, comments on the positive steps that Europe has taken to overhaul its financial system in the wake of the current economic crisis. 13, June 2009 http://www.group30.org/news.htm Lawrence Summers, director of the National Economic Counsel, spoke before the Council on Foreign Relations, reflecting on economic policy in times of crisis. 12, June 2009 http://www.group30.org/news.htm Paul A. Volcker, President Obama’s top economic advisor, warned yesterday in Beijing that the United States will not likely experience a strong economic recovery this year. 12, June 2009 http://www.group30.org/news.htm Citibank’s William R. Rhodes and TIAA-CREF’s Roger W. Ferguson, Jr. are among the notable speakers at the meeting of the Institute for International Finance in Beijing, China. 12, June 2009 http://www.group30.org/news.htm Bank of England Governor Mervyn King, warns that economic recovery in Great Britain seems a long way off. 12, June 2009 http://www.group30.org/news.htm Stanley Fischer, Governor of the Bank of Israel, expressed concerns that high inflation could set Israel and the world on an adverse path toward economic recovery. 11, June 2009 http://www.group30.org/news.htm Arminio Fraga Neto, former president of the Brazilian Central Bank, weighs in on the likelihood that Brazil will continue to maintain single-digit interest rate targets into the future without spurring rampant inflation. 10, June 2009 http://www.group30.org/news.htm Nobel Prize winning economist, Paul Krugman and Republican Congressman, Paul Ryan, tackle the looming debt crisis from opposite ends of the political spectrum. 9, June 2009 http://www.group30.org/news.htm After being renamed as India’s Deputy Chairman of the Planning Commission, Montek S. Ahluwalia discusses the possibility that growth may continue into the new fiscal year. 9, June 2009 http://www.group30.org/news.htm European Central Bank President, Jean Claude Trichet, comments on Europe’s economic recovery amidst the global financial crisis at an event marking the 20th anniversary of Polish independence in Warsaw today. 5, June 2009 http://www.group30.org/news.htm Martin Feldstein, professor of economics at Harvard, cautions that short-tern economic recovery may not necessarily lead to long-term economic growth. 4, June 2009 http://www.group30.org/news.htm Chairman of the Group of 30, Paul A. Volcker, spoke to graduates of Brooklyn Law School yesterday and warned that full economic recovery is still years away. 3, June 2009 http://www.group30.org/news.htm President and CEO of TIAA-CREF, Roger W. Ferguson, Jr., discusses the current state of the economy and its outlook for the future at the Boston University on Tuesday. 2, June 2009 http://www.group30.org/news.htm Harvard Professor, Martin Feldstein, discusses the down-side of the proposed Cap-and-Trade legislation proposed in Congress which would seek to decrease CO2 emissions over the next decade and beyond. 1, June 2009 http://www.group30.org/news.htm The European Central Bank's Mario Draghi said on Friday there were no definitive signs yet that the global financial crisis was coming to an end, although the risk of protracted deflation now appeared slight. 29, May 2009 http://www.group30.org/news.htm Nobel Prize winning economist, Paul Krugman, explains why the inflation scare is more of a political tactic than a legitamate economic concern. 29, May 2009 http://www.group30.org/news.htm In their most recent report, The Committee on Capital Markets Regulation made mention of the Group of 30's most recent publication entitled "Financial Reform: A Framework for Financial Stability." 28, May 2009 http://www.group30.org/news.htm Governor of the People’s Bank of China, Zhou Xiaochuan, has been a strong advocate for the establishment of an alternative global currency that could eventually replace the U.S. Dollar. 28, May 2009 http://www.group30.org/news.htm Nobel Prize winning economist, Paul Krugman, discusses the economic prophesy that California may hold for the rest of the nation. 27, May 2009 http://www.group30.org/news.htm Chairman Jacob Frenkel and other members of the Group of 30 speak on the outlook for global economic recovery following the biannual meeting of the Group in Rome. 26, May 2009 http://www.group30.org/news.htm Martin Feldstein, economic advisor to President Barack Obama, warned Tuesday that full employment and a sustainable recovery may not be reached in the United States until 2010. 26, May 2009 http://www.group30.org/news.htm Nobel Prize winner, Paul Krugman, suggests that while the economic crisis may be ending, good news is bad news for the U.S. dollar. 22, May 2009 http://www.group30.org/news.htm President Obama held his first meeting with Paul Volcker, Roger W. Ferguson, Lawrence Summers and other members of the President’s Economic Recovery Advisory Board to discuss the administration’s economic policies moving forward. The President said that the U.S. economy is showing a “return to normalcy.” 20, May 2009 http://www.group30.org/news.htm Harvard Economist, Dr. Kenneth Rogoff, shares his opinions on the global financial crisis and ways to stop the 'financial bleeding.' 19, May 2009 http://www.group30.org/news.htm Nobel Prize winning economist, Paul Krugman, explains that deteriorating labor markets may continue well into 2011. 19, May 2009 http://www.group30.org/news.htm Montek Ahluwalia is among the contenders on the short list for India’s Finance Minister position amidst economic slowdown in India and the world. 19, May 2009 http://www.group30.org/news.htm Nobel Prize winning economist, Paul Krugman, speaks to a Taiwanese audience about the effects of the global financial crisis and its similarities to the Japanese “lost decade.” 15, May 2009 http://www.group30.org/news.htm Zhou Xiaochuan, Governor of the People’s Bank of China, considers China’s unprecedented role in the New World Order that is likely to emerge in the wake of the current economic crisis. 15, May 2009 http://www.group30.org/news.htm Domingo Cavallo weighs in on the best way to solve the “dollar problem” and avoid a new inflationary cycle in an article he coauthored with Joaquin Cottani, Director of LECG, a global expert services firm that provides independent expert testimony and analysis. 13, May 2009 http://www.group30.org/news.htm Governor of the Bank of England, Mervyn King, warns that economic recovery in the United Kingdom faces slow progress and an uncertain future. 13, May 2009 http://www.group30.org/news.htm Economist Martin Feldstein explores the potential risks that the proposed tax increases in President Obama’s budget present for early and sustainable economic recovery in the future. 13, May 2009 http://www.group30.org/news.htm Leszek Balcerowikz explains that capitalism nowadays has no serious external enemies; it can only be weakened from within. 13, May 2009 http://www.group30.org/news.htm European Central Bank president Jean-Claude Trichet said policymakers were seeing the first "encouraging" signs of an economic recovery but it was "no time for complacency". 12, May 2009 http://www.group30.org/news.htm Paul Krugman calls for a more cautious outlook on growth, asserting that current economic prospects don’t justify the two-month rally that has restored $8.9 trillion to stock markets around the world. 12, May 2009 http://www.group30.org/news.htm In an interview, Harvard Economics Professor Martin Feldstein said that the recent stimulus bill is too small to get the economy out of the current crisis. 12, May 2009 http://www.group30.org/news.htm The Group of Thirty's Executive Director, Stuart Mackintosh, discusses the key issues that the G20 needed to confront on April 2. http://www.group30.org/news.htm Jean-Claude Trichet, president of the European Central Bank, said that G20 nations must move quickly to implement the agreed-upon solutions to address the global economic crisis. 3, April 2009 http://www.group30.org/news.htm The Post's editorial board mentions the G30 report on financial reform, including its recommendation to create a systemic risk regulator. 29, March 2009 http://www.group30.org/news.htm Citibank Chairman Bill Rhodes offers insights into the upcoming G20 meeting in London. April 2009 http://www.group30.org/news.htm This report mentions the latest G30 report on financial reform as a useful starting point for the G20’s work on global regulation. 25, Mar 2009 http://www.group30.org/news.htm In an interview, Jean-Claude Trichet, President of the European Central Bank, said that world governments should act quickly to fix their financial structures, as opposed to considering fiscal stimulus. 23, Mar 2009 http://www.group30.org/news.htm EU leaders are looking at the recent report on European regulatory reform by Jacques de Larosiere as the model for change. 20, Mar 2009 http://www.group30.org/news.htm Nobel Prize winning economist Paul Krugman argues that Europe is not doing enough to combat the financial crisis. He blames the failure on poor leadership from national governments, and the institutional structure, meaning the ECB is accountable to several governments, not just one. 16, Mar 2009 http://www.group30.org/news.htm This interactive feature identifies the key players, including members of the Group of Thirty. 10, Mar 2009 http://www.group30.org/members.htm World Bank President Robert Zoellick announced the creation of a commission to look at ways of improving World Bank governance, with its membership including Group of Thirty members. 9, Mar 2009