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EU says new measures needed for financial meltdown
BEIJING � The president of the European Union Commission says unprecedented measures are needed to deal with the global financial meltdown.
Speaking on the eve of a 43-nation summit in China's capital, Jose
Barroso said Thursday the economic turmoil would dominate discussions
at the Asia-Europe Meeting.
Barroso said Thursday the economic turmoil would dominate discussions
at the Asia-Europe Meeting.
Barroso says he expects a forum to help work toward consensus in advance of a Nov. 15 meeting on the crisis in Washington.
Barroso say the worst global financial crisis in 70 years required measures not seen before, including major reforms to the ways global financial institutions are regulated.
Barroso told reporters at a news conference that cooperation was crucial and nations must "stick together or sink together."