The close of the G20

After 2 days of conferences ( on the 18^th and 19^th June 2012), the G20 finally closed its doors. Every head of government went back home.

The heads of government at Los Cabos, Mexico, June 2012

According to the official report of the G20, regarding the Europe has to continue its efforts to save its economy and that to define limits to the financial system:  “The Euro Area members of the G20 will take all necessary measures to safeguard the integrity and stability of the area improve the functioning of financial markets and break the feedback loop between sovereigns and banks.” (http://www.g20.org).

The main 6 points highlighted during the G20 regarding the Growth and jobs are the following:

1.      “Advanced economies will ensure their fiscal finances are on a sustainable track.”
2.       The efforts to rebalance global demand will be intensified through different levers.
3.      Structural reforms “to boost the increase and sustain global demand, foster job creation” and finally, to “contribute to global rebalancing and increase the growth potential of the G-20 countries.”
4.    Need to implement financial reforms in order to make the financial system more trustable, stable, and resilient to support the economic growth.     
5.      The promotion of the open trade and the resistance against the protectionism.
6.   Member countries affirm their willing and commitment on actions to maximize growth potential and economic resilience in developing countries.

This information seems to be the continuity of the former G-20. Nothing very fresh.

At least, even if the G-20 does not have brought new solutions on the table, the positive aspect is that Mexico has established its role and place in the Big league!

American-development and canada2playa  wish you a good week-end!

1st of June: Official Start for the Hurricane Season

2005-Wilma Over Cozumel island

Here it is!!! The month of June has arrived!! And with it, the hurricane season!

Every year the hurricane season starts on the 1^st of June until the end of October! (This year was an exception as the hurricane season was brought forward on the 13^th of May 2012- cf: hurricane season brought forward! ). What does it mean? It simply means that tropical storms and hurricanes may appear!!

For this season, 9 to 12 hurricanes have been forecast in the Caribbean region. And each of them has a little name, isn’t that cool??!! Here are some of them: the first one coming this year is called Chris, the second one Debby, and the following ones are Ernesto, Florence, Gordon, Helene, Isaac, Joyce, Kirk…

Since 2000, the hurricanes starting with “I” have been particularly strong and destructive for the Caribbean Islands. For Mexico, the letter “W” has been a bad omen. I let you remember Wilma in 2005… The biggest, largest and longest hurricane ever recorded in the Atlantic!

According to the National Oceanic and Atmospheric Administration, Wilma was the 22^nd storm, the 12^th hurricane and the 6^th major hurricane and the 3^rd Category 5 hurricane of the year 2005! Its width was almost covering the whole Caribbean Sea! Plus, a hurricane usually stays a few hours in a same place before moving forward. Wilma stayed THREE ENTIRE DAYS in Cozumel’s island (located in front of Playa Del Carmen)!!! Can you imagine?? THREE ENTIRE DAYS!!!! Time should have been long during this hurricane!

Even if 2012 should be calmer than 2005 according to the scientific forecasts, stay alert and be prepared!

American-development is here to advice you!