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时间：2018-06-11 10:17:42 编辑：
Global response to the financial turmoil
The financial crisis on Wall Street in the United States, like a tsunami, quickly spread all over the world, with current news material. Whether it was Britain, Japan, or Africa, which was also a developed country. All felt the shock of the financial tsunami, in the globalization of today, no country can become the insulator of the financial crisis in the United States.
After the US, the UK became the first direct victim of the financial crisis. In in the first quarter of 2008, the UK spent more per capita than it earned. The average person spends ?41 a month on savings to make up for the shortfall. Consumers are under pressure to raise prices to the point where they can't make ends meet. In Africa, ordinary investors have to cut back on capital market investment. Cash the money for daily use, such as soaring rice, flour, eggs and other items. India, which is closely linked to the U. S. economy, is also vulnerable to fish. Police in some parts of the country have even begun to monitor lakes. Canals and other places, so as not to invest in the loss of suicide. Tokyo, Japan The market's 225 stock average fell to 9,502.48 in the afternoon of October 8th, compared with the same period last year. Almost halved. The Wall Street "financial hurricane" that the center is moving to continental Europe continues to escalate. Iceland has been the worst hit by the crisis. The debt of Icelandic banks has climbed to about 12 times the size of the country's economy, and there are fears that the credit crisis will hit its banks hard. "National bankruptcy" in Iceland
In response to the global financial turmoil, central banks cut interest rates, the Group of Seven Treasury meeting in the United States on October 10th, the first meeting in Washington, the seven finance ministers signed a plan. A special meeting of G-20 finance ministers and central bank chiefs, held in Washington on 11th, was committed to "all available means" to combat the current financial crisis. The meeting stressed that the G-20 would unite and deepen cooperation. Take all possible measures to deal with the international financial crisis. The European Union countries have been working tirelessly to deal with the financial crisis, the leaders of the 15 euro zone held a summit in Paris, France on 12th. The 7th Asia-Europe Summit, to be held in Beijing from October 24th to 25th, will discuss how Asia and Europe can work together to tide over the crisis.