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| Version 0 | Version 1 |
|---|---|
| Bush urges joint crisis response | Bush urges joint crisis response |
| (10 minutes later) | |
| US President George W Bush has called for co-ordinated action by leading industrialised countries to tackle the worldwide credit crunch. | US President George W Bush has called for co-ordinated action by leading industrialised countries to tackle the worldwide credit crunch. |
| He said finance ministers from G7 nations would meet in Washington at the weekend to discuss the crisis. | He said finance ministers from G7 nations would meet in Washington at the weekend to discuss the crisis. |
| A common response must be "well thought-out", Mr Bush said. | A common response must be "well thought-out", Mr Bush said. |
| He was speaking as world markets remained volatile amid ongoing uncertainty, despite last week's $700bn (£380bn) US rescue package. | |
| London's FTSE 100 index closed up slightly despite heavy losses by banking shares. | London's FTSE 100 index closed up slightly despite heavy losses by banking shares. |
| France's Cac 40 index also ended higher. In morning trading on Wall Street, the Dow Jones was down 1%. | France's Cac 40 index also ended higher. In morning trading on Wall Street, the Dow Jones was down 1%. |
| On Tuesday Mr Bush spoke to key European allies, including the UK Prime Minister Gordon Brown, French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi. | On Tuesday Mr Bush spoke to key European allies, including the UK Prime Minister Gordon Brown, French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi. |