World’s first global financial summit will be held in the US on 15 November. The summit will be attended by leaders from the G20 group of nation and leaders from emerging market countries such as China, India and Brazil. The summit will discuss the financial crisis which has gripped the world. It will also discuss various ways to prevent such a crisis in future.
The crisis which started in the United States when problems surfaced in the financial conditions of leading mortgage companies Freddi Mac and Fannie Mae has nearly gripped all parts of the world. Governments have been forced to inject money into leading banks in order to help them from collapsing. I hope that the summit will come up with some serious proposals to end the crisis. I also hope that besides finding ways to support banks and other financial institutions, this summit will also discuss ways to support common people.
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