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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST

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To: Alex who wrote (35613)6/20/1999 9:51:00 PM
From: PaulM  Read Replies (1) of 116832
 
G8 Wants Bigger Private Sector Crisis Role --- Germany

"Leaders had agreed that financial institutions should not profit alone from short-term investments in emerging countries, while leaving the fallout from economic crises to be borne by taxpayers.....

....the plan suggests that nations in trouble reduce their net debt payments to the private sector to help lower the amount of public help required.

biz.yahoo.com

P.S. If Germany is talking about letting speculators eat their losses, and Britain is talking about gold sales, that gives a good idea of what sort of horsetrading took place.
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