DAVOS FORUM 2011

The British Prime Minister David Cameron said he is committed to maintaining his program of deep spending cuts in order to eventually free Britain from the strain of high budget deficit, despite the short-term negative impact on economic growth and employment.

Christine Lagarde, France’s finance minister, suggested that time may be near to increase the size of The European Financial Stability Facility (EFSF), the European Union’s financial bailout fund reserve.

Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.

Susilo Bambang Yudhoyono, President of Indonesia, set out his vision for “sustainable and balanced” growth in the 21st Century, at Davos world economic forum.