The final indicative guideline should be approved at the coming April G20 meeting, and I am sure that France as the G20 Chair will successfully demonstrate its leadership in producing concerted and coordinated deliverables. II.
Global imbalances, surveillance and policy coordination  As President Sarkozy mentioned at the press conference in January, there have been 125 banking crises during the past 40 years, and their occurrence has picked up extraordinary speed over the last 20 years. This clearly underlines how global imbalances are now building up ever faster.