Asia, EU seek confidence-booster as markets panic (43 nations - not US)

Source: BEIJING (Reuters)

Asian and European leaders gathered for the second day of a 43-nation summit on Saturday with the Herculean task of propping up the confidence of panic-stricken markets fearful of a worldwide recession. ...

... "Europe would like Asia to support our efforts, and we would like to make sure that on November 15 we can face the world together and say that the causes of this unprecedented crisis will never be allowed to happen again," said President Nicolas Sarkozy of France, which currently holds the rotating EU presidency.

Sarkozy told Chinese President Hu Jintao that he wanted concrete decisions from the Washington talks, but feared the United States would be content with "principles and generalities," according to a French presidential official.

The French and Chinese leaders agreed to exchange position papers ahead of the summit, he said, adding China was very interested by the idea of more extensive global regulation of the financial markets. ...

Read more: http://www.reuters.com/article/topNews/idUSTRE49N19320081025?feedType=RSS&feedName=topNews&rpc=22&sp=true

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You could say we have been isolated by non governance.

were talking about in poppie's day. The rest of the world is joining together to strengthen their economies and leaving us behind.

http://ec.europa.eu/external_relations/asem/index_en.htm

and this was a scheduled meeting, not an emergency one: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1575&format=HTML&aged=0&language=EN&guiLanguage=en

I guess we taught them a lesson.