G7 nations pledge to fight crisis
Top finance ministers promise to take “decisive action and use all
available tools” to tackle the world economic crisis.
Top finance ministers promise to take “decisive action and use all
available tools” to tackle the world economic crisis.
Prime Minister Gordon Brown calls for falls in the price of oil to be passed on to consumers “as quickly as possible”.
World equity markets plunged again on Friday, ending a week-long dive that matched falls seen in the Great Crash of 1929. Wall St stocks were down sharply, while London’s FTSE 100 and European indices also tumbled and Japanese shares touched 20-year lows. Fears of a worldwide recession put pressure on global policymakers as they met for the G7 summit this weekend in Washington
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