G-7 Vows to Take "All Necessary Measures" to Stabilize Economies

Source:

"Officials will inject liquidity and act against disorderly currency moves as needed, G-7 finance ministers and central bank governors said."

Bloomberg, Toru Fujioka

central bank

Group of Seven nations sought to head off a collapse in investor confidence after the U.S. sovereign- rating cut and a slump in Italian and Spanish debt intensified threats to the global economy.

G-7 finance ministers and central bank governors pledged in a statement to "take all necessary measures to support financial stability and growth." Officials will inject liquidity and act against disorderly currency moves as needed, they said after a call late yesterday European time. The G-20, which includes emerging markets, issued a similar communique. . .View full article

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