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.
John Taylor, former Treasury Undersecretary for International Affairs in the Bush administration, speaks with Thomson Reuters Markets Washington Bureau Chief Corbett B. Daly about Republican White House hopeful John McCain’s $300 billion plan to help struggling homeowners.
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