World leaders pledge action plan to fight credit crisis, but no decissions made in US

uploaded by SOLARLIFE November 15, 2008 at 01:03 am
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World leaders pledge action plan to fight credit crisis, but no decissions made in US by SOLARLIFE

Europe just arriving from it's own summit EU-Russia blames Lame duck president Bush for the credit crisis and creates it's own European market. Gordon Brown still eager to Kickstart his UK economy, may burn the Pound with further credit taking and soon join the Euro zone. Developping countries search for new solutions. China and the Arab countries will not bailout the US over funding IMF.

The EU-Russia group decided to make a second meeting with Obama

But prospects for joint action on growth, let alone a major overhaul of the world financial system, looked slim with host President George W. Bush resisting bold moves before leaving office in two months and President-elect Barack Obama absent.

French officials said the Group of 20 advanced and developing economies were close to agreement on a final declaration at the summit which wraps up on Saturday. European officials said the leaders pledged to finalise a first series of measures to reform financial regulations by March 31.