Wednesday, April 22, 2009

Financial Crisis A Global Problem


Like the demonstrators who will greet them in London Thursday, G20 leaders will be marching to the beat of different drummers.

British Prime Minister Gordon Brown, who has already begun to welcome the leaders, is stressing the positive, reports CBS News correspondent Mark Phillips.

“We are taking the necessary decisions to safeguard the future of the world economy,” Brown said.

And the leaders, who are from countries which generate 80 percent of the world's wealth, are all suffering from the same problems: falling production, rising unemployment. The G20 group of governments and central bankers, which was formed 10 years ago to foster global financial stability, has never been needed more.

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Posted By Lee Ruth

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