World Markets Closure
Italian Prime Minister Silvio Berlusconi said that political leaders were considering temporarily closing the world's financial markets while discussing how to rewrite international finance rules.1 He took the statement back later in the day (October 10, 2008), saying it is just a "rumor" and that there are no plans to close the markets. A spokesman from the White House said there are no plans in the U.S. to close the markets.2
Fast Facts
- Several finance ministers and bankers were meeting in Washington, D.C. on October 10, 2008.1
- Bush to meet with several international finance ministers on October 113
- Both the International Monetary Fund and the World Bank are meeting in Washington D.C. the weekend of October 10-October 121
- The New York Stock Exchange had its largest loss since 1987 on October 93
Related Pages on Mahalo
Stock Market | New York Stock Exchange | International Monetary Fund | World Bank | Silvio Berlusconi | Global Emergency Rate Cut
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