U.S. President George Bush is urging nations of the world to be patient with a global economic recovery and to maintain policies that keep the global financial markets open.
During his weekly radio address Saturday, President Bush said it is especially important to continue open market policies at a time when the global economy is uncertain.
Mr. Bush will host a world economic summit in Washington on November 15. He called on leaders attending the summit to recommit themselves to what he describes as "proven methods for creating prosperity and hope."
The former head of the U.S. central bank, Alan Greenspan, told members of Congress Thursday that more regulation of the finance industry is needed. Greenspan opposed tighter regulations during his 18 years as chairman of the U.S. Federal Reserve. Greenspan said the current financial crisis has left him in a "state of shocked disbelief."
Some information for this report was provided by AP. By VOA News.
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