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G7 unlikely to adopt UK backstop plan: official

Fri Oct 10, 2008 5:09pm EDT
 
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WASHINGTON (Reuters) - The Group of Seven major nations is unlikely to adopt Britain's proposal to guarantee lending between banks when it meets today, a G-7 official said on Friday.

G-7 finance ministers and central bankers were about to begin a meeting where they were expected to discuss steps to quell world financial turmoil.

(Reporting by Mark Felsenthal; Editing by Leslie Adler)

 

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