• Highest priority at G20 summit must be to safeguard, strengthen economic recovery
• Concerned by weak private sector demand and continued reliance on exports by countries with large external surpluses
• Market-determined exchange rates are essential to global economic vitality
• The signals that flexible-exchange rates send are necessary to support a strong, balanced global recovery
• If confidence in economic recovery diminishes, G20 should be prepared to respond quickly and forecefully again
• G20 must learn from mistakes of the past when economic stimulus was withdrawn too quickly
• Important for Europe in particular to resolve uncertainty about bank capital, transparency of bank blance sheets
• G20 must accelerate efforts to complete financial reforms
• Calls for G20 to agree new framework for more stringent capital and liquidity requirements for financial institutions
• Calls for G20 to agree consistewnt framework for stronger oversight of derivatives markets
• Must agree effective framework for winding down large global firms and principles for financial sector to pay for burdens it creates