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Financial crisis talks head to US

Updated on 16 October 2008

Source PA News

Europe's diplomatic shuttle moves to Washington this weekend in a bid to calm financial world markets.

French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso have been invited to Camp David by US President George Bush to talk about plans for an international financial crisis conference expected to take place in New York next month.

The Camp David visit was announced during a Brussels EU summit which committed the 27 leaders to tighten European banking supervision, and crack down on executive pay packages which reward failure as well as success.

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