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World leaders pledge action plan

Posted by Mai on November 16th, 2008

Manila Bulletin Online
World leaders pledge action plan

Declaration readied on moves to ward off recession

By GLENN SOMERVILLE and MATT SPETALNICK

WASHINGTON, DC, United States (Reuters) — World leaders grappling with the worst financial crisis since the Great Depression of the 1930s pledged on Friday to deliver a concrete plan to ward off recession and prevent future meltdowns.

But prospects for joint action on growth, let alone a major overhaul of the world financial system, looked slim with host President George W. Bush resisting bold moves before leaving office in two months and Presidentelect Barack Obama absent.

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Manila Bulletin Online

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