World Economy

US to host global finance crisis summit

US to host global finance crisis summitWashington - US President George W Bush and French President Nicolas Sarkozy Saturday said an emergency global summit on the finance crisis will be held in the United States, possibly before the end of November. 

The announcement was made at the US presidential retreat, Camp David, outside Washington, where European Commission President Jose Manuel Barroso also joined the meeting. 

US to host global finance crisis summit

US to host global finance crisis summitWashington - US President George W Bush and French President Nicolas Sarkozy Saturday said an emergency global summit on the finance crisis will be held in the United States, possibly before the end of November. 

The announcement was made at the US presidential retreat, Camp David, outside Washington, where European Commission President Jose Manuel Barroso also joined the meeting. 

US to host global finance crisis summit in US

US to host global finance crisis summit in USWashington - US President George W Bush and French President Nicolas Sarkozy Saturday said an emergency global summit on the finance crisis will be held in the United States, possibly before the end of November. 

The announcement was made at the presidential retreat, Camp David, outside Washington, where European Commission President Jose Manuel Barroso also joined the meeting. 

Bush to host global finance crisis summit in US

Bush to host global finance crisis summit in USWashington - US President George W Bush, who was to meet with French President Nicolas Sarkozy later Saturday, was expected to host a global summit on the finance crisis in the US, the New York Times reported online. 

The Times quoted an unnamed senior White House official as saying Bush was to announce his invitation at Camp David, the presidential retreat where the two men and European Commission President Jose Manuel Barroso were to meet. 

Ban proposes to hold global finance summit at UN

Ban proposes to hold global finance summit at UNParis - UN Secretary General Ban Ki-moon has offered to have the United Nations host an international summit on reforming the global finance system, the online version of the French daily Le Figaro reported Saturday.

In a letter to the French president and current head of the European Union, Ban said that he "firmly" supported Sarkozy's call for an international conference to reform the global finance system and proposed holding it at UN headquarters in New York, no later than early December.

UN to host December summit on reforming financial system

UN to host December summit on reforming financial system Paris - French President Nicolas Sarkozy and UN Secretary General Ban Ki-moon have agreed that the United Nations will host an international summit on reforming the global financial system in December, the French daily Le Figaro reported Saturday on its website.

It remains unclear who is to participate at the meeting, which Sarkozy and British Prime Minister Gordon Brown have said should be "a new Bretton Woods."

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