World financial summit announced

[Dover]

Source: Reuters


Oct. 22 - U.S. President George W. Bush will host a summit on Nov. 15 in the Washington, D.C. area to discuss the global financial crisis and ways to prevent it from happening again, the White House announced on Wednesday.

"The leaders will review progress being made to address the current financial crisis, advance a common understanding of its causes, and, in order to avoid a repetition, agree on a common set of principles for reform of the regulatory and institutional regimes for the world's financial sectors," said White House spokeswoman Dana Perino.

Some European leaders had pushed for a summit before the end of the year and French President Nicolas Sarkozy had urged that it take place in New York. Bush plans to invite members of the G20 which includes the Group of Seven major industrial economies plus key emerging-market countries like China, India and Brazil.

Perino also said that the administration will seek input from whomever wins the U.S. presidential election which will take place 11 days before the summit.



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I hope they arrest him and place him at the mercy of the world court.

[MadrasT]

1. Awfully optimistic.

I have no confidence the global economy can hang on until November 15.

[Hydra]

2. Lame duck who created the problem hosts a summit to "fix" it

What world is this, again?

[lutefisk]

3. Junior should be locked in his room until the next POTUS is sworn in...

...certainly not hosting a summit. He really shouldn't be allowed to go near anything of importance ever again.