News - Financial Stability Forum
An international coalition of Chambers of Commerce said before a London summit meeting that nations should try to avoid the temptation of protectionism. Falling to the temptation of protectionism would not only restrict trade in goods and services, but also distort the global economy, hindering rather
By Jeannine Aversa Associated Press WASHINGTON -- Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
Washington, Oct. 19 (Jiji Press)--Top financial officials of the Group of Seven industrial nations on Friday ended their first meeting since summer financial market turmoil stemming from the troubled U.S. subprime mortgage sector by showing concern over a possible global economic slowdown .
