John Taylor, former Treasury Undersecretary of International Affairs in the Bush administration, says more countries need to be involved in decision making about the financial system, but “we already have the G20,” referring to the Group of Twenty leading economies.
Italian Finance Minister Giulio Tremonti says Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations’ club next year.
The Group of Seven officially agreed on a joint “plan of action” at this weekend’s blockbuster meeting amid a global financial crisis. Since everyone signed the paper, you’d think they’re all happy with what is in it, right?
After meeting with U.S. President George W. Bush at the White House, Italy’s Finance Minister Giulio Tremonti tells reporters on Pennsylvania Avenue what he really thinks.
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