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The Hellenic Radio (ERA): News in English, 08-10-11

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <>


  • [01] G7 Action Plan

  • [01] Coordinated Moves

    G7 Action Plan

    11 2008 10:09:00

    By Betty Savourdou

    Sources: NET 105.8, NA-PA

    G7, the Group of Seven finance chiefs issued a five-point action plan Saturday morning to combat the world financial crisis by granting protection to big banks. G7 met in Washington with the participation of the International Monetary Fund and the World Bank. G7 committed itself to finance directly big banks, promising help from the public or private sector when necessary, while bank deposits will guarantee the national programmes of G7. Meanwhile, Eurozone member-states are holding an extraordinary Summit Meeting in Paris Sunday to adopt a joint European action to combat the financial crisis. Attending the meeting will be Prime Minister Kostas Karamanlis.

    Translated by John Crystallidis

    Read the story on other sources:

    BBC: G7 nations pledge to fight crisis

    Related News:

    Fit of Hysterics

    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
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