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| Version 1 | Version 2 |
|---|---|
| Bush warns over 'protectionism' | Bush warns over 'protectionism' |
| (about 1 hour later) | |
| US President George W Bush says he is pleased with progress in world leaders' talks on the financial crisis, but has warned of the dangers of protectionism. | US President George W Bush says he is pleased with progress in world leaders' talks on the financial crisis, but has warned of the dangers of protectionism. |
| Mr Bush said there had been frank discussions and some progress, but there was still more work to be done. | Mr Bush said there had been frank discussions and some progress, but there was still more work to be done. |
| UK PM Gordon Brown said he wanted to see international banking systems "cleaned up" and any measures agreed at the summit implemented immediately. | UK PM Gordon Brown said he wanted to see international banking systems "cleaned up" and any measures agreed at the summit implemented immediately. |
| Leaders from 20 of the world's biggest economies are at the Washington summit. | Leaders from 20 of the world's biggest economies are at the Washington summit. |
| Correspondents say there are some divisions between Europe, which wants stricter market rules, and the US and other countries, which prefer more moderate reforms. class="lp" href="http://news.bbc.co.uk/1/hi/talking_point/default.stm">HAVE YOUR SAY Everyone is affected by this downfall. Budgets of households and big corporations are equally affected Asif Chaudhry, Pakistan class="" href="http://newsforums.bbc.co.uk/nol/thread.jspa?forumID=5661&edition=1&ttl=20081115094203">Send us your comments"One of the dangers during a crisis such as this is that people will start implementing protectionist policies," Mr Bush said as talks resumed on Saturday. | |
| He said he was pleased leaders had reaffirmed the "principles of open markets and free trade". | He said he was pleased leaders had reaffirmed the "principles of open markets and free trade". |
| Mr Brown said the leaders faced a "difficult" set of negotiations, but also welcomed progress made so far. | Mr Brown said the leaders faced a "difficult" set of negotiations, but also welcomed progress made so far. |
| "I think it is obviously important to make decisions today about what can be done," he said. | "I think it is obviously important to make decisions today about what can be done," he said. |
| "There are a lot of countries with their own interests and their own policy directions at the moment that will have to change." | "There are a lot of countries with their own interests and their own policy directions at the moment that will have to change." |
| Japanese loan | Japanese loan |
| He added that he wanted to see a timetable for a world trade deal and more credit made available to banks to allow them to start lending again. It is up to us to build confidence in the world economy by taking all the actions that are necessary Gordon BrownUK Prime Minister | |
| Japan has announced it is prepared to lend up to $100bn (£67bn) to the IMF to help emerging economies hit by the financial crisis. | Japan has announced it is prepared to lend up to $100bn (£67bn) to the IMF to help emerging economies hit by the financial crisis. |
| Later summits are expected to focus on working out the details of the reforms needed. | Later summits are expected to focus on working out the details of the reforms needed. |
| The G20 meeting is bringing together both leading industrial powers such as the US, Japan and Germany, and emerging market countries such as China, India and Brazil. | The G20 meeting is bringing together both leading industrial powers such as the US, Japan and Germany, and emerging market countries such as China, India and Brazil. |
| The countries represent 85% of the world economy. | The countries represent 85% of the world economy. |