. Earth Science News .
POLITICAL ECONOMY
G8 leaders commit to crisis plan

by Staff Writers
 Washington (UPI) Oct 15, 2008
Group of Eight leaders issued a statement Wednesday saying they will work together to implement the G7 Plan of Action to support the global economy.

The leaders of Canada, France, Germany, Italy, Japan, Russia, Britain, the United States and the European Commission said they are united in their "commitment to fulfill our shared responsibility to resolve the current crisis, strengthen our financial institutions, restore confidence in the financial system, and provide a sound economic footing for our citizens and businesses."

The G7 Plan of Action, which has been endorsed by the International Monetary Fund, is designed to help institutions gain access to capital, prevent failure of systemically important financial institutions, unfreeze credit markets, restart secondary markets for mortgages, and protect savers and depositors, the leaders said.

"We will implement these measures on an urgent, transparent, and non-discriminatory basis," the statement said. "We pledge continued close cooperation and coordination."

Community
 Email This Article
 Comment On This Article
Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 The Economy


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
Recession stalks US, EU, but China offers hope: economists
 London (AFP) Oct 15, 2008
 The United States and Europe are heading for a "nasty recession" despite efforts to shore up the banking system, but Chinese growth could limit the damage to the world economy, economists said Wednesday.






DISASTER MANAGEMENT
  • Six dead in China landslide: state media
  • Mexico prepares shelters ahead of Hurricane Norbert
  • Portable Imaging System Will Help Disaster Response
  • Disasters kill more in 2008 than in tsunami: UN

    • CLIMATE SCIENCE
  • EU chief urges leaders not to ditch climate goals
  • Financial crisis must not slow talks on CO2 emissions: UN
  • Financial crisis won't delay Australian carbon trade: PM
  • On climate change, US contenders share the wavelength

    • EARTH OBSERVATION
  • GeoEye Releases First Image Collected By GeoEye-1
  • Maps Shed Light On CO2's Global Nature
  • 2008 Ozone Hole Larger Than Last Year
  • Smog Blog For Central America And Caribbean Debuts

    • ENERGY TECH
  • Analysis: Bank lending dirty or green?
  • Analysis: Venezuelan oil output way down
  • Analysis: Iraq welcomes oil firm bids
  • 2008 Report On Wind Power Generation In United States

    • EPIDEMICS
  • Waterborne Disease Risk Upped In Great Lakes
  • Analysis: Flu pandemic would overwhelm
  • AIDS virus leapt the species barrier early last century: study
  • Two people die of rare form of plague in Tibet: report

    • FLORA AND FAUNA
  • Chimpanzees Endangered In Their Last Stronghold
  • Beavers: Dam Good For Songbirds
  • Bold Traveler's Journey Toward The Center Of The Earth
  • Global warming sending tropical species uphill: study

    • FROTH AND BUBBLE
  • Polluting factories in central China sicken farmers: state press
  • Defence lawyers threaten to stop Ivory Coast pollution trial
  • Defendant in Ivorian toxic waste trial blames Trafigura affiliate
  • Pollution trial opens in Ivory Coast

    • ABOUT US
  • First-Ever Global Sustainable Tourism Criteria
  • Eight of China's 10 oldest people are ethnic minorities: report
  • Egalitarian Revolution In The Pleistocene
  • New Formula Predicts How People Will Migrate In Coming Decades

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement