Bijela kuća ugostit će svjetske moćnike sredinom studenog. Na sastanku će razgovarati o rješavanju svjetske financijske krize.
The White house announced it will host a summit of world leaders on November 15th to discuss the global financial crisis- and ways to prevent it from happening again.
White House spokeswoman Dana Perino said it will be held in the Washington area and work toward a common set of principles for regulatory and institutional reform:
SOUNDBITE: Dana Perino, White House Spokesperson saying (English):
"The summit will also provide an important opportunity for leaders to strengthen the underpinnings of capitalism by discussing how they can enhance their commitment to open competitive economies as well as trade and investment liberalization."
Members of the G20 which include the Group of Seven major industrial economies will be invited along with key emerging market economies China, India and Brazil.
Word of the summit came as Congress continued to look at regulatory reforms. The focus turned to credit rating agencies- which have been the target of criticism for questionable ratings of investments and conflicts of interest.
Sean Egan of independent ratings agency Egan Jones Ratings testified before the house oversight and government reform committee:
SOUNDBITE: Sean Egan, Founder, Egan-Jones Rating, saying (English):
"View the rating agencies as being similar to the mat inspectors, if the meat is unsound that its tainted the inspector has the obligation to stop the line and get rid of it or it threatens the whole system because what happens on the other end of the line with investors is that they can't tell the difference between good meat and tainted meat. The investors don't have access to all the information they don't have the expertise."
Major reforms are expected to wait until after the new Congress convenes in 2009.
Bobbi Rebell, Reuters, New York.
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