Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
G7 pledges to stem int'l financial crisis
+ -
09:20, September 23, 2008

 Related News
 G7 finance chiefs vow to take reforms to avert financial crisis
 G7 likely to keep closer eye on banks
 China calls for G7's efforts to ensure global economic stability
 G7 pledges to ensure global economic stability
 G7 calls on info transparency on U.S. subprime loss
 Comment  Tell A Friend
 Print Format  Save Article
The Group of Seven industrialized nations pledged Monday to do all they can to prevent a worsening global financial crisis from hurting the world economy.

"We are ready to take whatever actions may be necessary, individually and collectively, to ensure the stability of the international financial system," G7 finance ministers and central bank governors vowed in a statement which was made available on the U.S. Treasury Department website.

The financial officials from the seven countries held a conference call this morning to discuss global financial markets, according to the statement.

"We affirm our strong and shared commitment to protect the integrity of the international financial system and facilitate liquid, smooth functioning markets, which are essential for supporting the health of the world economy," the statement said.

The officials "strongly" welcomed the "extraordinary actions" taken by the United States to enhance the stability of financial markets and address credit concerns.

They also strongly welcomed the measures taken by other G7 countries.

Major central banks have been coordinating to address liquidity pressures in funding markets, which "has been critical in addressing disruptions in global financial markets."

Besides the United States, the Group of Seven is made up of Japan, Germany, France, Britain, Italy and Canada. The group didn't offer specifics about what actions they might take.

The group of advanced nations is scheduled to hold its next meeting on October 10 and the financial crisis is expected to be the most important topic at the meeting.

Source:Xinhua



  Your Message:   Most Commented:
Why some Western media scared of reportage on true China
US-India nuclear agreement going through bottleneck
Why EU leaders call special, emergency summit?
Scientists start experiment to recreate Big Bang
EU wants to be more equal to Washington

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90777/90856/6504312.pdf