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October 14, 2008
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Tuesday
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Shawwal 14, 1429
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Bush vows more action
WASHINGTON, Oct 13: US President George W Bush, welcoming Italian Prime Minister Silvio Berlusconi to the White House, vowed on Monday to pursue efforts with US partners to calm global markets in upheaval.
Bush, who attended weekend meetings with finance ministers of major economies, promised: “All of us will continue taking responsible, decisive action to restore credit and stability and return to vigorous growth.”
Berlusconi expressed hopes that European measures unveiled at an unprecedented eurozone summit in Paris on Sunday would ease the turmoil.
“We’ve taken decisions which, I hope, can be positive in order to prevent a financial crisis from affecting the real economy. I’m hundred per cent sure and confident that we have the means and way to prevent this from happening,” Berlusconi said through an interpreter.—AFP
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