G7 MINISTERS GATHERED TO DISCUSS GLOBAL ECONOMIC CRISIS
The finance minsters of the World get together in Washington during the three days discussion about the global economy crisis.These G7 ministers are expecting to rise the global economy by the late 2009.
The finance ministers of Britain, Canada,Germany, France, Japan, Italy and US get together comitting that they would prevent the reocurrence of the Global Crisis again by giving jobs and providing growth.The G7 will be soon followed by G20 for the same reason.
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The meetings follow the G20 summit earlier this month, in which world leaders pledged $1trn in stimulus funds and more regulation to combat the worst global economic crisis since the 1930s.
"We will take whatever actions are necessary to accelerate the return to trend growth (rates) while preserving long-term fiscal sustainability," the G7 said, apparently referring to concerns that governments are taking on too much debt to pay for economic stimulus programmes.
They also agreed to continue,"as needed, to restore lending, provide liquidity support, inject capital into financial institutions, protect savings and deposits and address impaired assets".
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