Finance ministers and central bankers from the Group of Seven major industrialised nations are set to meet in Washington in a few hours' time to discuss how to respond to the sell off on global stock markets.
Ahead of the talks, the head of the International Monetary Fund, Dominique Strauss-Kahn, called on European countries to work together. He told a news conference that unilateral action should be avoided, if not condemned. So far, the European Union's 27 member states have failed to agree on a joint strategy to combat what is being described as the worst financial crisis since the Great Depression of the 1930s.
(Deutsche European stock markets down more than four percent ...
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IOC grilled on Internet censorship at Beijing Olympics ... Welle)
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