The Group of Eight world industrial powers (G8) have called for a global summit to address the current financial crisis and a revival of world trade talks.
The joint statement was released as EU leaders meeting in Brussels broadly endorsed a concerted 2.2 trillion euro bank rescue plan that was agreed on Sunday by the 15 countries sharing the euro single currency. The plan includes measures to guarantee interbank lending and to partly nationalise shaky financial insitutions by providing them with liquidity in exchange for shares. EU leaders are also using their two-day summit to discuss a proposal by the Man jailed for Belgian MP3 death ...
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Sarkozy discusses Lisbon Treaty in Ireland ... European Commission that minimum state guarantees on bank deposits should be lifted within one year from currently 20,000 to 100,000 euros. EU leaders are also expected to discuss a common approach to combating global warming and the future of the Lisbon Treaty, which was rejected by Irish voters in June.
(Deutsche Welle)
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