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We need to accelerate efforts to establish a global framework for financial regulation, Geithner said. Critically, we need to reach agreement internationally on reducing leverage and raising capital requirements, improving both the quantity and quality of capital.
Although welcoming
The paper, however, calls for a reduction of countries households. Countries must put in place credible plans to reducing long-term deficits, Geithner stressed. However, this should not happen at the price of short-term growth.
Other areas touch upon the agricultural sector and the energy sector.