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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (32757)	10/30/1998 7:01:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bill sort off, but by now you can scrap all free market assumption we are entering a regulated market stage. G7 ministers to issue statement Friday on world finance Copyright © 1998 Nando.net Copyright © 1998 Reuters News Service LONDON (October 30, 1998 00:44 a.m. EST nandotimes.com) - Finance ministers from the world's major industrial countries were engaged in late-night discussions on Thursday preparing a statement on proposed reforms to the world's financial structure. The statement, following talks between British Chancellor of the Exchequer Gordon Brown, U.S. Treasury Secretary Robert Rubin and other finance ministers of the Group of Seven (G7) industrial nations, was to be issued on Friday, sources close to the British government said. The statement is seen as a move to contain international financial turmoil and is expected to set an agenda for both long-term and short-term action. Officials in Washington said earlier that preparations were under way for a special G7 summit to discuss the economic turbulence. The issue has already been the subject of telephone discussions between President Clinton, British Prime Minister Tony Blair and other G7 leaders. Haim

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