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G7 finance ministers pose for a group
photo after their meeting at the Treasury Department in Washington, The
United States, October 10, 2008. (L-R) are: Jim Flaherty of Canada,
Christine Lagarde of France, Peer Steinbrueck of Germany, U.S. Treasury
Secretary Henry Paulson, Italy's Economy Minister Giulio Tremonti, Shoichi
Nakagawa of Japan, Britain's Chancellor of the Exchequer Alister Darling
and Eurogroup Chairman Jean-Claude Juncker.(Xinhua/Zhang Yan) |
WASHINGTON, Oct. 11 (Xinhua) -- U.S. President George W. Bush said Saturday morning that seven wealthiest Western countries, the so-called G7, will work together to cope with the current financial crisis spreading around the globe.
G-7 announces plan to fight global financial crisis
WASHINGTON, Oct. 10 (Xinhua) -- Finance officials from the Group of Seven (G-7) announced here Friday a plan of action to battle the ongoing global financial crisis.
"The G-7 agrees today that the current situation calls for urgent and exceptional action," said a statement released by the U.S. Treasury Department announcing the plan of action. Full story
Bush: U.S. authority able to solve financial
crisis
WASHINGTON, Oct. 10
(Xinhua) -- President George W. Bush said on Friday that the United States,
together with other nations, can cope with the current financial crisis.
"The American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets," Bush said at the White House. Full story
G-24: global financial crisis could dampen growth prospects in
developing countries
WASHINGTON, Oct.
10 (Xinhua) -- A group of developing countries warned here Friday that the
ongoing global financial crisis could dampen growth prospects in the developing
world.
"Many emerging markets and developing economies are not
immune to the spillovers of the ongoing global crisis, with some countries more
affected than others," said the group of 24 countries (G-24) from Latin America,
Asia and Africa in a communique following their meeting. Full story
