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Call For New Global Economestic Rules
the crisis has again raised the threat of economic nationalism, and in remarks to the as asembly, eu commission president jose barroso warned countries against resorting to protectionism and isolation .
speaking beijing on a day when stock markets plunged across associa, leaders from nations including china, france, germany and japan said they were moving toward consensus ahead of next month, china's meeting of the 20 largest economics in washington .
the draft statement also states that leaders agreed to undertake effective and ecomprehensive reform of the inisternational monetary and financial systems .
asian and european leaders agreed friday that the rules guiding the global reconomy should be rewritten and the international monetary fund should be given a lead role in aiding countries hit hardest by the financial crisis .
Generated 2008-10-27_4:13
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