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#G7Finance

The "G7 Finance meeting" Flickr collection is available at https://www.flickr.com/photos/mef_gov/collections/72157683547206176/ which offers free of charge and copyleft photos of all important official activities and social events of the G7 Finance Meeting, including arrivals, doorsteps, roundtables and press conferences.

All the updates from G7 Finance Meeting organized by the Ministry of Economy and Finance with Bank of Italy within the italian Presidency of G7.
 

13 May 2017, time 16:00

#G7Finance. Presidency press conference (Governor Visco, Minister Padoan)

 
12 May 2017, time 19:13

#g7Finance meeting "Twitter list " is available

Events and news about the proceedings of the meeting will also be available through several accounts on Twitter, of both individual and institutional types. Keep track through our tweets!

@MEF_GOV @PCPadoan @bancaditalia

You can find tweet from the participants in a selected twitter list called “#G7Finance Meeting Bari” (you can follow the list instead of following individual accounts in that list). This tool is available at this link:

https://twitter.com/MEF_GOV/lists/g7finance-meeting-bari

 
12 May 2017, time 18:26

A Symposium on growth, inequality and regulation opens the G7 meeting in Bari

The G7 Finance Ministers and Central Bank Governors’ Meeting got under way today in Bari with a Symposium at the Castello Normanno Svevo. Not open to the general public, the topics discussed included the promotion of inclusive growth, the fight against inequality, and the links between finance, regulation and growth.

During the course of the Symposium, representatives from the G7 countries and the international institutions involved in the Bari meeting (the European Commission, ECB, IMF, World Bank and OECD) interacted with a panel of world renowned economists.

The first session, titled ‘Growth and inequality’, opened with contributions from Philippe Aghion, Professor of Economics at Harvard University, Giuseppe Bertola, Professor of Economics at the University of Turin, and Sir Angus Deaton, Professor of Economics and International Affairs at Princeton University and 2015 Nobel Prize Laureate in Economics.

The discussions began with an analysis of current developments in the world’s economy, with particular emphasis on the conditions of the middle classes. Over the last thirty years, the income gap between developed and emerging economies has narrowed significantly, as have poverty levels worldwide. On the other hand, there has been an alarming increase in inequalities within the advanced economies, a phenomenon that according to the Symposium’s participants calls for a coordinated and inclusive response. Policies on education, technological innovation and integration are key to any solution: effective and broad ranging interventions from Governments and international organizations in these areas can help overcome the limits of the current development model, benefiting in particular the younger generations.

The second session, titled ‘Finance, regulation and growth’, featured contributions by Philip H. Dybvig, Professor of Banking and Finance at Washington University’s Olin Business School, Randall Kroszner, Professor of Economics at the University of Chicago’s Booth School of Business and former Governor of the Federal Reserve System, and Hélène Rey, Professor of Economics at the London Business School. The debate centered on the delicate balance that must be struck at global level between the need to ensure the stability of the financial system and that of creating a climate conducive to sustainable, equitable and inclusive growth. In this regard, one of the themes that emerged very clearly from today’s Symposium was the need for the responses of regulators and politicians to take better account of the actual characteristics and requirements of a system undergoing profound and rapid change. In this area too, close and effective international cooperation can help to ensure that competition and technological progress become motors of integration, sustainable development and widespread wellbeing.

The Symposium concluded with a keynote speech by the World Bank’s Chief Economist, Professor Paul Romer.

 
12 May 2017, time 14:42

"Innovating Southern Italy - Minister Padoan's preface"

Never is the social and economic destiny of a territory a matter of coincidence or the outcome of an unalterable path. Conversely, such destiny always results from choices made by local communities and the direction imparted by the national government. Within the economic history of Southern Italy, in spite of growth reiteratedly alternating with stagnation, a constant feature lies in the presence of elites that hampered social dissemination of economic progress.
Yet, Southern Italy’s industrial vitality endured all overturns and today expresses productive activities that have succeeded in attaining excellence by smartly competing in global value chains, such as aerospace, automobile, pharmaceuticals, and agri-food. For the occasion of the G7 Finance Ministers and Central Bank Governors Meeting, we wish to give way to a number of success stories rooted in the productive fabric of Southern Italy’s Regions.
Such experiences stem from the successful combination of multiple factors: human resources quality appealing foreign investors; deeply rooted skills often dating back to ancient trades and traditions; and the positive function performed by the State, which favoured enterprises increase in size and stimulated investments from other regions both of Italy and abroad. Such success stories are evidence that benefits for wide segments of Southern Italy’s population can result from clear distribution of roles between central government and local authorities, effective drive to such valuable distribution, and rigorous use of funding resources. These stories teach us that cooperation between the European dimension (funds availability, expenditure control, and best practice sharing), the national dimension (effective selection of incentive mechanisms, collaboration with non-central level) and the local dimension (efficient use of resources and identification of ad-hoc place-based strategy) enable attaining large-scale results.

 
12 May 2017, time 13:30

Innovating Southern Italy - Exposition of technological excellences and entrepreneurial success stories

 
12 May 2017, time 12:03

Run7 #g7Finance Bari

A morning running session organized by the City of Bari, a 6 km course through the historical and architectural beauties of the town.

Run7 #g7Finance Bari

 
11 May 2017, time 12:49

Why hold a G7 Meeting in Southern Italy? (statement form minister Padoan and from the governor Visco)

Italy is famed worldwide for the beauty of its landscapes and the exquisite artistic heritage that is to be found throughout the peninsula. But Italy is also one of the five major economies in the world in terms of its trade surplus and 221 of its products rank first in global export charts. Much of this industrial production – not only in fashion and design for which the country is a byword, but also in some specialist areas such as precision machinery - is associated with the North of the country.
International public opinion, however, overlooks the industrial tradition of the South and some of its superb products. This is not just about tourism and food production and processing. The South has well-established districts that are part of global supply chains in industries such as mechatronics, aerospace and pharmaceuticals. Cars built in the South are exported all over the world, as are engines for the most popular models of aeroplanes, innovative components for new aircraft, satellites, and molecules with therapeutic properties.
The growth of the South and its development prospects are linked to the quality of its people, the flexibility and innovative capabilities of its entrepreneurial class, as well as some public policies. Of great importance among the latter have been government choices to set aside previous welfare practices and instead to introduce measures to improve the conditions under which business is conducted.
The financial resources of both Italy and the European Union have made a major contribution to this development and will continue to do so. But the success stories of companies and regions in the South that have become fully integrated into international supply chains in an increasingly globalised economy indicate that – beyond simple funding - some specific policies are even more important for development. For example, incentives to stimulate innovation and backing up local action with management skills provided by the central government.
We therefore wanted the meetings of the G7 finance ministers and central bank governors to take place in one of the liveliest regions of this part of Italy that is also attractive and dynamic in terms of industry and human capital. This choice is intended, too, to emphasise the role that public policies have played here and can play everywhere in overcoming the obstacles to development that the accidents of history sometimes place in the path of progress.

 
11 May 2017, time 12:00
09 May 2017, time 17:55

List of Symposium Speakers

 

 
09 May 2017, time 17:45

G7 Finance starts in Bari on 12 may with a symposium on growth, inequality and regulation

On Friday 12 May, a symposium attended by economists of international standing and not open to the public, will be held in Bari in the Castello Normanno Svevo ahead of the G7 Finance Ministers and Central Bank Governors’ meeting. The first session, dedicated to the issues of growth and inequality, will be addressed by Philippe Aghion, Professor of Economics at Harvard University, Giuseppe Bertola, Professor of Economics at the University of Turin, and Sir Angus Deaton, Professor of Economics and International Affairs at Princeton University and Nobel Prize Laureate for Economics in 2015.
The second session, on finance, regulation and growth, will feature contributions from Philip H. Dybvig, Professor of Banking and Finance at Washington University’s Olin Business School, Randall Kroszner, Professor of Economics at the University of Chicago’s Booth School of Business and former Governor of the Federal Reserve System, and Hélène Rey, Professor of Economics at the London Business School.

 
09 May 2017, time 13:36

The list of the participants

The meeting will be attended by the Finance Ministers and the Central Bank Governors of the seven countries, the European Commissioner for Economic and Monetary Affairs, the President of the Eurogroup and the President of the European Central Bank as well as the Heads of the major International Organizations.

DELEGAZIONE COGNOME NOME CARICA FOTO
MINISTRY OF FINANCE
CANADA
 
MORNEAU WILLIAM MINISTER OF FINANCE
MINISTRY OF FINANCE
FRANCE
 
SAPIN MICHEL MINISTER FOR ECONOMY AND FINANCE
MINISTRY OF FINANCE
GERMANY
 
SCHÄUBLE WOLFGANG FEDERAL MINISTER FINANCE
MINISTRY OF FINANCE
ITALY
 
PADOAN PIETRO CARLO MINISTER OF ECONOMY AND FINANCE
MINISTRY OF FINANCE
JAPAN
 
ASO TARO MINISTER OF FINANCE
MINISTRY OF FINANCE
UNITED KINGDOM
 
HAMMOND PHILIP MINISTER OF FINANCE
MINISTRY OF FINANCE
UNITED STATES
 
MNUCHIN STEVEN SECRETARY
U.S. TRESAURY
CENTRAL BANK CANADA
 
POLOZ STEPHEN SHAWN GOVERNOR BANK OF CANADA
CENTRAL BANK FRANCE
 
VILLEROY DE GALHAU FRANÇOIS GOVERNOR BANQUE DE FRANCE
CENTRAL BANK GERMANY
 
WEIDMANN JENS PRESIDENT
DEUTSCHE BUNDESBANK
CENTRAL BANK ITALY
 
VISCO IGNAZIO GOVERNOR
CENTRAL BANK JAPAN
 
KURODA HARUIKO GOVERNOR
CENTRAL BANK UNITED KINGDOM
 
CARNEY MARK GOVERNOR
CENTRAL BANK UNITED STATES
YELLEN JANET CHAIR OF THE FEDERAL RESERVE BOARD
EU COMMISSION
 
MOSCOVICI PIERRE COMMISSIONER
EURO GROUP
 
DIJSSELBLOEM JEROEN PRESIDENT
EUROPEAN
CENTRAL BANK
 
DRAGHI MARIO PRESIDENT
IMF INTERNATIONAL MONETARY FUND LAGARDE CHRISTINE MANAGING DIRECTOR
WORLD BANK KIM JIM YONG PRESIDENT
OECD Organisation for Economic Co-operation and Development GURRIÁ ANGEL SECRETARY GENERAL
FAFT Financial Action
Task Force
SOLO RIUNIONE 13 MAGGIO MATTINA
VEGA-SERRANO JUAN MANUEL PRESIDENT

 

 
08 May 2017, time 15:07

Free International Signal . Below satellite data for downlink Rome Time

12 May 2017

Timing 08.00-10.30 ; 14.00-14.30 (RT)
Satellite EUT 7B – 7 E
Frequency RX 12.600,300 MHz
Polarization Y
Encoding H264
Modulation DVB-S2 ; 8PSK
Symbol Rate 7200
FEC 3/4
Audio Channel Ch1 international sound left
                       Ch2 international sound right
                       Ch3 English
                       Ch4 Italian

13 May 2017

Timing 08.00 – 10.30 ; 12.30-14.00 (RT)
Satellite EUT 7B – 7 E
Frequency RX 12.600,300 MHz
Polarization Y
Encoding H264
Modulation DVB-S2 ; 8PSK
Symbol Rate 7200
FEC 3/4
Audio Channel Ch1 international sound left
                       Ch2 international sound right
                       Ch3 English
                       Ch4 Italian


Routing of international signal on permanent connections via CNC, will be defined by Raiway.

 
08 May 2017, time 15:05

Rai Host broadcaster G7 Finance

RAI (Radio Televisione Italiana) is the Italian national broadcaster and it is the host broadcaster for the G7 meeting of the Finance and Ministries and Central Bank Governors. RAI will provide the signal of the event for free to registered partners.

 
27 Sep 2016, time 01:52
 

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