Friday, November 14, 2008

World leaders begin crisis talks -- BBC

World leaders have been welcomed to Washington by President George W Bush for a summit to discuss measures to contain the current financial turmoil.

"We want to change the rules of the game in the financial world," said French President Nicolas Sarkozy.

However, in exchange China is likely to want to hold more power at the IMF, which is dominated by the US and the EU. Japan has announced it is prepared to lend up to $100bn to the IMF to help emerging economies hit by the financial crisis.
Bush speaks to G20 leaders

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