G7 nations pledge to fight crisis

G7 nations pledge to fight crisis

news.bbc.co.uk

Finance ministers from leading industrialised nations have pledged action to tackle the financial crisis after a torrid week on stock markets.

The G7 nations said they would take "decisive action and use all available tools", after a meeting in Washington.

Widespread fears of a global recession caused Asian, European and US markets to tumble on Friday despite rate cuts and cash injections by central banks.

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Ok. So now we hear 'something' about the G7 meeting. Is the number five significant or something? With business loans and such you need a five year plan to show the banker or loan officer. The article talks about a five-point plan aimed at unfreezing the flow of credit that has prompted panic selling on global markets. Or is it just pure coincidence?

news.bbc.co.uk
(visit the link for the full news article)