Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: Steve Fancy who wrote (8783)	10/3/1998 7:20:00 PM
From: Steve Fancy	of 22640

Rubin says G7 focused intensely on global crisis Reuters, Saturday, October 03, 1998 at 18:56 WASHINGTON, Oct 3 (Reuters) - U.S. Treasury Secretary Robert Rubin said financial officials from the world's top industrial powers had long and intense discussions on Saturday on how to end the world financial crisis. "There clearly was a very intense focus on the issue with respect to the current crisis, and a deep sense of commitment to do everything sensible to deal with it," Rubin told reporters as he emerged from the meeting. Rubin declined to give any details of what was decided by the Group of Seven finance ministers and central bankers. The participants were expected to release a statement and hold individual news conferences later on Saturday. Rubin said the intensity of the discussions was part of the reason that the talks went nearly an hour beyond the expected finish time of around 6 p.m. (2200 GMT). "We had a very good meeting, a constructive meeting," Rubin said, adding that there had been some discussion of Brazil, seen by many economists as vulnerable to the spreading crisis. Copyright 1998, Reuters News Service

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