|
|
Posted: Wednesday, 26 November 2008 9:27AM
London Hosting Economic Summit in April
|
LONDON (AP) -- British Prime Minister Gordon Brown said Wednesday that London will host an April meeting of the Group of 20 industrialized and emerging economies on the financial crisis.
READ: More Opening Bell Stories 
Brown told lawmakers that U.S. President-elect Barack Obama has said he expects to attend the talks - which could be the incoming U.S. leader's first visit to Europe.
The meeting on April 2 will likely bring together the 21 nations and four international organizations which met for emergency talks in Washington on Nov. 14-15.
Leaders have said they need a summit early next year to check progress on promises to cooperate more closely, toughen supervision of banks and give bigger roles to fast-rising nations.
``It will deal with the major questions of economic actions that are necessary,'' Brown said. ``I have spoken to the incoming U.S. administration and President-elect Obama expects to come to Britain at that time.''
The London talks will come ahead of NATO's 60th anniversary summit on April 3-4, being held jointly by the neighboring cities of Strasbourg, in France, and Kehl, Germany.
Leaders of the bloc's member nations are expected to attend, including Brown and Obama. Brown's Downing Street office said that leaders plan to travel directly from the financial talks in London to the NATO summit.
Included in the G-20 are Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey and the United States. The 27-nation European Union bloc is also a member of the grouping.
At the Washington talks, Spain and organizations like the World Bank and International Monetary Fund also took part in discussions.
Leaders also endorsed a series of broad goals to fend off future economic calamities and to revive the world economy.
They called for intensified government efforts at bolstering national economies, cooperation on international regulation of the financial system and reform of global structures to aid needy developing countries.
|
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Audio Content and Graphic Content © MMVIII WCBS-AM 880.
|
|
|
|
E-Mail Story
Print Story
