Washington - 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. 

Agreement on the summit was apparently reached beforehand, as Sarkozy, current president of the European Union, and Barroso had just arrived at Camp David from an EU-Canada summit in Quebec City. 

Sarkozy, the current head of the European Union, has been pushing for such a conference for weeks, as the first waves of financial panic washed across the Atlantic from the US to stock markets and banking systems in Europe. 

Earlier Saturday, the French daily Le Figaro reported that UN Secretary General Ban Ki-moon had offered to host the summit at the United Nations. 

Sarkozy and Bush indicated the gathering will include developed and developing countries. Sarkozy said the meeting will likely take place in New York, where the crisis began. (dpa)