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USA UK and Malta News
25/10/2008 - 20:00

UK Today Editoweb 25 october 2008

Belgian PM calls for European emergency fund to aid banks - Bush: 'Recommit To Free Markets' -
World leaders pledge financial reform as gloom deepens.



Belgian PM calls for European emergency fund to aid banks

Belgium's prime minister Saturday called for the creation of a European emergency fund to recapitalise banks and guarantee loans between them.

Bush: 'Recommit To Free Markets'

World leaders have vowed to overhaul the global financial system - but George Bush wants nations to "recommit" to free markets despite a looming recession.

World leaders pledge financial reform as gloom deepens

World leaders vowed Saturday to overhaul the global financial system in the face of recession fears, but US President George W. Bush urged nations to "recommit" to free markets despite economic turmoil.

Asia and Europe close ranks on crisis

Asian and European leaders closed ranks on Saturday to try to bolster confidence among investors who fear that a global credit crunch has ushered in a deep and damaging world recession.

Gulf leaders see economies growing despite crisis

Finance ministers and central bankers from the oil-rich Gulf said on Saturday they expect their economies to continue to grow despite the global financial crisis and a sharp drop in oil prices.

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