Posts Tagged ‘Economy’

G-20 Leaders Meet in London

The G-20 leaders met in London today to discuss the current financial crisis.  The world needs to come together to fight off financial doom.  I’m glad there are discussions to get it done.

It was referred to as the London Summit.

G20London

The U.S. provided a pledge of $1.1 trillion to kick start the credit market while it was agreed upon to create a more regulatory control over the banking industry.

These seem like very sensible approaches as the market continues to sink.

President Obama and Gordon Brown Meet

Citing the decades-old special relationship between the United States and Great Britain Obama and Brown met today at the White House.  As a show of the special relationship Brown is the first European leader to meet with President Obama since he became president.

gordon-brown

At the new conference after the meeting President Obama said “Great Britain is one of our closest and strongest allies and there is a link and bond there that will not break.”

They spoke about the economy and how they plan on fixing it.  They both agreed on bank regulation and industry regulation as a way of balancing the ups and downs in the market.

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Allowing all to play is an important step to combating inequality and make everything on a level playing field.