Showing posts with label global finance crisis summit. Show all posts
Showing posts with label global finance crisis summit. Show all posts

US to host global finance crisis summit

22:32 by Editor · 0 Post a comment on AAWR

Leaders from the so-called G-20 nations will be invited to the summit, which will be held on November 15 in Washington

The US government announced plans to host a global economic summit in Washington next month to address the financial crisis.

Leaders from the so-called G-20 nations will be invited to the summit, which will be held on November 15.

The leaders will discuss the "underlying causes of the financial crisis", according to a White House spokeswoman, together with a review of the progress that has been made to addressing them.

"Everybody will come with their own ideas. Not everybody will have the same solution. It’s too soon to say what will come out of it," the spokeswoman said.

The gathering "will provide an important opportunity for leaders to strengthen the underpinnings of capitalism" and "how they can enhance their commitment to open, competitive economies, as well as trade and investment liberalisation", she added.

The Group of 20 nations was created as a response to the financial crises of the late 1990s. Its members include the UK, the US, Argentina, Brazil, China, France, Germany India and the European Union. continues here