Financial Regulatory Forum

ANALYST VIEWS: G20 ends reign of G7 in Pittsburgh

By Reuters Staff
September 26, 2009

U.S. President Barack Obama leaves a news conference at the end of the G20 Summit in Pittsburgh, Pennsylvania September 25, 2009. REUTERS/Jim Young (UNITED STATES POLITICS BUSINESS) PITTSBURGH (Reuters) – Group of 20 leaders on Friday designated themselves as the new forum for steering the world economy, ending the long reign of the G7 as the preeminent committee for guiding global growth:

G20 upbeat on economy, pledges financial reforms

September 25, 2009

The leaders of the Pittsburgh G20 Summit sit around the summit meeting table in the midst of the second plenary session of the summit in the Pittsburgh Convention Center in Pittsburgh, Pennsylvania, September 25, 2009. REUTERS/Jim Bourg (UNITED STATES POLITICS BUSINESS) By Sumeet Desai and Chris Buckley

PITTSBURGH (Reuters) – The Group of 20 rich and developing nations declared their crisis-fighting efforts a success on Friday and promised to give rising powers such as China more say in rebuilding and guiding the global economy.