Friday, November 14, 2008

World Leaders Gather to Discuss Financial Crisis

World leaders are meeting today in Washington for a two-day emergency meeting to discuss ways to turn the global financial crisis around. The meeting was called by US President George Bush, and will look at ways to reform financial markets. The group that is meaning is of 20 countries and represents about 85% of the world's economy and two-thirds its population. The countries included int his are: Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United States and the European Union. Leaders at the summit, which will include officials from the World Bank and International Monetary Fund, are expected to discuss the causes of the crisis and review the progress that nations have already made. Prime Minister Stepehen Harper, who will be attending the meeting said that he wants to see the leaders of the 20 countries put forward regulations that ensure that this crisis will never happen again.

I think that this crisis is very prominent in our day to day lives. I also think that this meeting is most necessary to help ensure that the world will not go through such a strong financial crisis again. I think that Canada will play an important role in this meeting and will be a good model to follow in hopes of ending the Crisis.


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