G7 demands reforms
14-02-2009
Finance leaders from the Group of Seven rich have nations called for "urgent reforms" of the international financial system, after talks in Rome on forging a way out of the world ecomomic crisis. They vowed to avoid protectionism as they seek to stabilise the tottering world economy and financial markets and said stabilisation of the world ecomomy was their top priority, in a final declaration after two days of talks. The global crisis "has highlighted fundamental weaknesses in the international financial system and that urgent reforms are needed," it said.
