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With host President George W. Bush in his final two months in office and President-elect Barack Obama not participating, hopes for a conclusive summit were low. Nevertheless, European leaders ...[more]

Here are some details on the global financial institutions:

* GROUP OF SEVEN (G7):

-- The G7 is a forum of the leading industrialized democracies: Germany, France, Britain, It ...[more]

Below are details of some of the worst economic crises in recent years and the policy responses:

* FIXED EXCHANGE RATE SYSTEM BREAKS DOWN:

-- 1971 - The Bretton Woods fixed ex ...[more]

Here are some details about the financial architecture established in 1944 by the Bretton Woods Conference, which European and other leaders now say needs updating:

* THE CONFERENCE - ...[more]

Below are some details:

* AUSTRALIA:

-- The government has announced a A$10.4 billion ($6.8 billion) package of cash handouts and family benefits.

-- It is providing A ...[more]

"By working together, I'm confident that with time we can overcome this crisis and return our economies to the path of growth and vitality," Bush said in his weekly radio address, to air Satu ...[more]

Much of the groundwork has been laid for a productive discussion when heads of the 20 largest economies meet to discuss easing the economic downturn and preventing a repeat, despite differenc ...[more]

Harper, speaking to reporters in Winnipeg before traveling to Washington, said major economies would resist calls for external controls on their financial systems.

Canada is in favor ...[more]

The minister said the groundwork has been laid for a successful G20 leaders meeting in Washington beginning on Friday. He said he backs using existing institutions to oversee the global finan ...[more]

The economy of the 15 countries using the euro shrank 0.2 percent in July-September, as it did in April-June. This was the first time since the bloc's creation in 1999 that its economy has co ...[more]

"I fully support the idea to hold the next summit after Washington without delays and fast enough. We are ready to communicate with Europe on these issues," Medvedev told a news conference af ...[more]