• Most Popular
  • Most Shared

UPDATE 1-France calls EU summit on finance reforms

Thu Oct 23, 2008 1:28pm EDT

(Adds details)

Currencies  |  Bonds  |  Global Markets  |  China

BRUSSELS, Oct 23 (Reuters) - European Union president France called on Thursday for an EU summit to be held on Nov. 7 to prepare the bloc for a meeting of world leaders the week after to discuss financial reforms after the credit crunch.

A brief statement by the EU presidency said the meeting in Brussels would consist of a lunch of EU heads of state and government.

French President Nicolas Sarkozy said earlier this week he favoured such talks to prepare the 27-member bloc for the Nov 15. meeting in Washington, due to include major industrial nations and big emerging economies like China, India and Brazil.

Europeans have been pressing for a major financial system revamp, and Sarkozy in particular has said it is time to rethink capitalism.

Yet the Washington meeting, which would follow the Nov. 4 U.S. presidential election, is unlikely to do more than kick off a process toward reforms in possible future meetings. (Reporting by Mark John; Editing by Charles Dick)

Currencies
Bonds
Global Markets
China


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets