WORLD> Photo
Bush welcomes world leaders for financial summit
(Agencies)
Updated: 2008-11-15 10:10

US President George W. Bush (standing, C) addresses leaders gathered in the State Dining Room before the G20 Summit on Financial Markets and the World Economy in Washington November 14, 2008. [Agencies]


Washington -- World leaders grappling with a financial crisis vowed on Friday to work together to prevent future meltdowns as they gathered for a Washington summit amid signs of division over how far to go with market reforms.

With host US President George W. Bush in his final two months in office and President-elect Barack Obama not participating, hopes for hard conclusions were low but the intent was to kick off a series of meetings to try to prop up sagging economies.

"We need to agree on the importance of coordination of monetary and fiscal policy," British Prime Minister Gordon Brown said before the summit, which began as Bush greeted leaders one by one as they arrived for a White House dinner.

Finance ministers from the world's leading economies were dining separately at the US Treasury with moves to boost their economies high on the agenda.


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