World Leaders Agree to Seek Major Economic Reform

Group of 20 In Wasshington DC Pledges Cooperation to Restore Growth
World leaders holding an emergency meeting to combat the economic crisis agreed yesterday to a far-reaching action plan that, over the next 4 1/2 months, would begin to reshape international financial institutions and reform worldwide regulatory and accounting rules. 

By Glenn Kessler and Anthony Faiola
Washington Post Staff Writers
Sunday, November 16, 2008; Page A01

The leaders’ 11-page statement spoke of broad principles, leaving the details to be worked out by lower-level aides before another summit meeting in April, after Barack Obama assumes the presidency. But the gathering in Washington of the nearly two dozen nations — from every region of the world — reflected the new balance of power emerging in the aftermath of a financial crisis that has devastated even well-run economies, a wrenching process that British Prime Minister Gordon Brown has dubbed “the birth pangs of this new global order.”

World leaders pose for the group photo on Saturday, Nov. 15, ...

World leaders pose for the group photo on Saturday, Nov. 15, 2008, in Washington. President Bush invited leaders of the G-20 community to Washington for a weekend summit to discuss the world economy and the current condition of the financial markets.(AP Photo/RIA-Novosti, Vladimir Rodionov, Presidential Press Service)

Read the rest:
http://www.washingtonpost.com/w
p-dyn/content/article/2008/11/15
/AR2008111500902.html?hpid=topnews

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: