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Businesses For Sale Online Newsletter > Political News > Financial Crisis Summit

Financial Crisis Summit

American president George W. Bush said they would host a summit of world leaders to combat the global financial crisis.


Bush said the summit, should not seek to undercut the basic economic principles of international capitalism. Adding "We must resist the dangerous temptation of economic isolationism (and) continue the policies of open markets that have lifted standards of living and helped millions of people escape poverty around the world,"


Given the G8 met only this July & were seemingly totally unaware of events between then & now, it is perhaps a tad unreasonable to expect much from these people, although the bill for the jaunt would probably pay for the global funding of the international banking crisis.


The French president Sarkozy was quoted as saying "Those who have led us to where we are today should not be allowed to do so once again,"


Presumably the G8 member states will therefore not be attending after all.


Such is the urgency of the crisis to the political leaders they have yet to set a date for the meeting, by which time the situation will have improved considerably allowing them tol take all the plaudits when the meeting convenes.

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