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To: Voltaire who wrote (13874)	4/15/2000 11:13:00 PM
From: zello	Read Replies (1) \| Respond to of 35685

G7 Unshaken by Market Dip, See More Growth By Knut Engelmann WASHINGTON (Reuters) - Financial leaders from the world's richest nations on Saturday put a brave face on the latest plunge in U.S. stock markets as police arrested 600 demonstrators just blocks away from where they met to discuss the global economy. On the eve of expected mass protests against the World Bank and International Monetary Fund, finance officials from the Group of Seven (G7) said the global economic outlook was brighter than it had been in a long time and the economic fundamentals were sound. ``Asset markets were part of our broad ... discussions,' U.S. Treasury Secretary Lawrence Summers told reporters following the six-hour meeting, which included lunch. ``Certainly there were references to recent moves in all our stock markets,' he added. ``But the focus was on fundamentals and what we could each do individually to strengthen our economies...and what we can do together to ensure more sustained, balanced and rapid economic growth globally.' The G7 meeting took place in an atmosphere of siege as police closed streets to foil demonstrators complaining about the lending policies of the World Bank and IMF, which hold semi-annual meetings on Sunday and Monday. Police arrested 600 protesters who were protesting a grab bag of issues near the IMF headquarters, just a few blocks from the White House. President Clinton was traveling in California. While not mentioned in the G7 communique issued after the talks, this week's carnage on Wall Street overshadowed the meeting, pushing aside the usual topic of currency values. The communique issued by finance officials after their talks did not refer explicitly to the yen, euro or dollar, using instead standard G7 language saying ``exchange rates among the major currencies should reflect economic fundamentals'. The G7 comprises Britain, Canada, France, Germany, Italy, Japan and the United States.