From BBC Mundo. Sarkozy said the world must overcome the "odious practices" that have triggered the financial crisis. The U.S. president, George W. Bush, in his country offered to host an international summit on the current global financial crisis.
In a statement issued after a meeting with Bush with the presidents of France, Nicolas Sarkozy, and the European Commission (EC) Jose Manuel Barroso, says that in the coming weeks other leaders will be consulted on the proposal. Bush met with Barroso and Sarkozy to discuss the details of a G8 summit, with the participation of India, China and other emerging economies.
European leaders want this summit will serve to pave the way for a reform of global financial regulation. Upon receiving Sarkozy and Barroso at the presidential house of rest at Camp David, Maryland, Bush offered to host the summit "in the near future." Nicolas Sarkozy, whose country holds the rotating presidency of the European Union (EU), said that the meeting could take place before the end of November.
(Comment from Oscar Granda)
Inadequate policies regulating real estate market in the U.S. were formed in a "boom", which finally caused a global stock crisis and that until the end of October 2008 can not control. Among other results, to get security solutions with billionaire costs, a shortage of liquidity and credit in the markets, greater gap between rich and poor and a new world economic order.
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