Economic crisis can’t be solved in a day : Bush
Friday, November 14, 2008 at 10:48 am
NEW YORK: On the eve of the crucial G-20 summit on the current financial crisis, U.S. President George Bush acknowledged on Thursday that the global economic meltdown can’t be solved overnight and called for decisive action from governments around the world.
“This crisis did not develop overnight, and it will not be solved overnight. But our actions are having an impact,” Bush said while addressing the prestigious Manhattan Institute in New York on ‘Financial Markets and the World Economy’.
Bush, who is the host of the G-20 summit in Washington over the weekend, said in addition to addressing the current economic crisis it is also essential for the world leaders to make broader reforms to strengthen the global economy over the long term.
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