Sunday, October 19, 2008

Financial Crisis: USA & EU seeking series of summits

The leaders of the U.S., France and the European Commission agreed yesterday to ask other world leaders to take part in a series of summits on the global financial crisis, with the first held in the U.S. sometime soon after the Nov. 4 presidential election.

George W. Bush, French President Nicolas Sarkozy and European Commission President Jose Barroso said in a joint statement after a three-hour meeting at Camp David, the presidential retreat, that they would maintain coordinated steps to solve the crisis in the global economy…

Germany’s biggest post-war bailout designed to ward off financial meltdown has passed on October 17, 2008.

The huge 500 billion euro safety package has been signed into law after passing overwhelmingly in Germany’s upper and lower chambers of parliament…


No comments: