March 10, 2009 / 3:14 PM / 11 years ago

Bernanke wants G20 focus on global reach of crisis

WASHINGTON (Reuters) - Leaders from the Group of 20 rich and developing economies should focus on the international aspect of the financial crisis when they meet next month, U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday.

“This is very much an international problem and it requires international solutions,” Bernanke said in response to a question at the Council on Foreign Relations.

“In particular, we need to work together effectively to make sure that we have solutions for our banking systems that are not mutually inconsistent or create problems across jurisdictions. We need to make sure that we are working together to stabilize the banking system and to avoid the failure of systemically critical firms,” he said.

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