Archive for the ‘G-20’ Category

World Leaders Agree to Seek Major Economic Reform

November 16, 2008

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

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Global Economic Mess Makes G-20 Summit Sober, Serious, Anti-Junket

November 14, 2008

There are no plans for sightseeing tours, shopping sprees or three-anything lunches when leaders from 20 countries, accompanied by large delegations of officials, business people and journalists, visit the capital during the next two days for a world economic summit.
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By Pamela Constable 
Washington Post Staff Writer

Instead, the event promises to be brief, sober and businesslike, in keeping with the grim financial outlook facing every country at the summit, including the host, and the timing of the meeting during a power lull between administrations in Washington.

“There will not be much time. Our delegation will arrive at 6 p.m. tomorrow and leave right after the meeting and possibly a press conference Saturday,” Emanuel Lenain, a spokesman for the French Embassy, said yesterday. Between formal discussions, he said, President Nicolas Sarkozy “will work and work.” His glamorous wife, former model Carla Bruni, will not be with him, and he will attend tonight’s White House dinner alone.

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/13/AR2008111304039.html

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G-20 To Consider Monitoring World Banking Among Proposal

By Anthony Faiola and Glenn Kessler

Washington Post Staff Writers
Friday, November 14, 2008; Page A01

Nations are close to adopting a series of measures aimed at combating a global recession and laying the groundwork for a broad reconstruction of the international financial system, as world leaders arrive in Washington for a major economic summit this weekend.

Read the rest:
http://www.washingtonpost.com/w
p-dyn/content/article/2008/11/13
/AR2008111303844.html