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Bush, G7 Officials to Discuss Finsuropeancial Crisis
financial officials in washington, 10 oct 2008 following talks in washington friday, finance ministers and central bankers from the g7 nations, the united states, japan, britain, germany, france, canada and italy, pledged to take decisive action and use all available tools to support important financial institutions and prevent their failure .
treasurday secretary henry paulson said the group agreed on the need to restore the availability of credit, to help banks raise money from public and private sources, and to beef up bank depodensident insurance .
european stock market indexes were down seven percent or more, while japan's nikkei index lost nearly 10 percent .
some information for this report was provided buy afp and reuters
stocks posted mixed results buy the close of trading friday .
after a day of wild swings, u.s .
Generated 2008-10-13_12:32
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