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Europe and Asia unite to solve global economic crisis

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-25-08 12:40 PM
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Europe and Asia unite to solve global economic crisis
October 25, 2008

By Times of London Online and news agencies http://www.timesonline.co.uk/tol/news/world/asia/article5013331.ece

European and Asian nations have agreed to work more closely together to deal with the global economic crisis, Foreign Secretary David Miliband said today after the first day of talks at a summit in China.

The 43-nation Asia-Europe Meeting called for new international regulation and a stronger role for the International Monetary Fund in helping nations facing serious crises.

It comes ahead of an emergency meeting in Washington next month, which will bring together the leaders of the world's 20 most important economies for urgent discussions to agree solutions.

Mr Miliband said the meeting had highlighted the significant shift in economic power towards the east but also how interlocked everybody's interests were in tackling "deep imbalances" in the system.

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-25-08 12:54 PM
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1. They both were burned badly with the US ponzi scheme
It is they who are dictating terms these days.
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