China, Japan urge global talks on economic crisis

[nofurylike]

By Leika Kihara and Pedro Nicolaci Da Costa
Aug 5, 2011

http://www.reuters.com/article/2011/08/0...HB20110805

-snip-

The comments from Washington's two biggest foreign creditors pointed to growing concern of contagion as Asian stock markets tumbled following Wall Street's steep dive a day earlier. European markets hit a 14-month low in early trading.

French President Nicolas Sarkozy will discuss financial markets with German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodriguez Zapatero on Friday, Sarkozy's office said in a statement

-snip-

China Foreign Minister Yang Jiechi said U.S. debt risks were escalating and countries should step up cooperation on global economic risks.

-snip-

"I don't see a well functioning government that can do something," said Jeff Frankel, economics professor at Harvard University and former White House economic advisor under Bill Clinton. "If everything is blocked politically, especially fiscal policy, there's nothing much you can do."

-snip-

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[jaxx]

"If everything is blocked politically, especially fiscal policy, there's nothing much you can do."

Which says get off your asses pubs and let the country prosper.

[nofurylike]

(08-05-2011 09:28 AM)jaxx Wrote:  "If everything is blocked politically, especially fiscal policy, there's nothing much you can do."

Which says get off your asses pubs and let the country prosper.

exactly, jaxx!

!!!

thank you!