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Bush to host summit of world leaders on financial crisis

CAMP DAVID, Maryland
Sat Oct 18, 2008 2:07pm EDT
President George W. Bush speaks about the economy at the U.S. Chamber of Commerce in Washington October 17, 2008. REUTERS/Larry Downing

CAMP DAVID, Maryland (Reuters) - President George W. Bush will announce on Saturday that the United States will host a summit of world leaders on the global financial crisis, a senior U.S. administration official said.

Crisis in Credit

"President Bush will announce that he will host a summit of world leaders in the near future to discuss the global response to the financial crisis, ideas to prevent such a crisis from recurring in the future in a way that preserves our free market system," the official said on condition of anonymity.

"The President wants participation and ideas from both developed and developing nations in these discussions," the official said.

Bush will meet French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso later Saturday at the Camp David presidential retreat in Maryland. (Reporting by Tabassum Zakaria, editing by Jackie Frank)
Crisis in Credit


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