Bush Offers to Host International Economic Summit

George W Bush is holding talks on the global financial crisis with French counterpart Nicolas Sarkozy and the European Commission president.

Mr Bush, Mr Sarkozy and Jose Manuel Barroso are meeting at Camp David.

They are discussing plans to hold a global summit of G8 nations as well as China, India and other major economies, which Mr Bush has offered to host.

The Europeans want the summit to pave the way for talks on an overhaul of the worlds financial regulatory systems.

As Mr Bush welcomed his guests to Camp David, the presidential retreat in the state of Maryland, he offered to host the summit in the US “in the near future”.

Mr Sarkozy said the summit could be held before the end of November.

United Nations Secretary General Ban Ki-moon has already proposed using the UN headquarters in New York as a venue.

via BBC News: US to host global finance summit

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