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Members of the Group of 20 economies say they will do everything they can to maintain stability in the financial markets. That's the word after an emergency meeting in Washington this weekend.
The G-20 includes the 19 top developed and developing countries, as well as the European Union.
The talks were held on the sidelines of the weekend's meeting of the International Monetary Fund and also gave its backing to a five-point action plan adopted earlier by the Group of Seven leading economies.
That was a sweeping proposal which aimed, amongst other things, to free up inter-bank lending and protect banks and depositors.
US President George W. Bush has promised support from his administration for what the G-7 has termed \"urgent and exceptional action\". |
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