G7 Nations Tackle Bank Crisis
Published / Last Updated on 09/10/2008
Finance ministers from the Worlds G7 richest countries US, Japan, UK, Germany, France, Italy and Canada and members of the International Monetary Fund (IMF) met in Washington to discuss plans to resolve the current credit crisis.
After the meeting the G7 Nations issued a five point plan to unlock banks, introduce stability and encourage banks to lend to each other.
The G7 nations issued a five-point plan of "decisive action" to unfreeze credit markets.
The US also confirmed that it be investing directly in banks to part nationalise for the first time since the 1930s, in a similar move to that done by the UK.
Useful links:
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
Useful links:
