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G-7 Says ‘Severe’ Downturn to Persist, Vows to End It (Update2)
Group of Seven finance chiefs vowed to tackle a “severe” economic downturn that will persist for most of 2009 without spelling out new steps to do so.
Ben Bernanke, U.S. Federal Reserve Chairman, left, Timothy Geithner, U.S. Treasury Secretary, center, and Mark Sobel, U.S. Deputy Assistant Secretary of Treasury, attend the Group of Seven (G7) Finance Ministers and Central Bank Governors meeting, in Rome,on Saturday, Feb. 14, 2009. Photographer: Pier Paolo Cito/AP Photo via Bloomberg News