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G8 backs fin ancial reform summit
in a joint statement, the leaders of the g8 countries - the us, uk, france, italy, germany, canada, japan and russia - said that challenges had to be made to the regulatory and institutional regimes for the world's financial sectors to remedy deficiencies exposed by the current crisis .
at the eu summit, the 27-member bloc rallied behind plans agreed on sunday by offinancials from the 15-nation eurozone, afp news agency quoted french president nicolas sarkozy as saying .
gordon brown says global action is oneeded to deal with the fin ancial crisis .
speaking to reporters on wednesday aheaders of the eu summit in brussels, mr brown made an impassioned plea for a global summit to reform the international monetary fund (imf), to help regulate the world's financial systems .