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To: goldsnow who wrote (20609)	10/5/1998 12:25:00 AM
From: CIMA	Read Replies (2) \| Respond to of 116762

G7 fails to set agenda on global crisis The world's economic powers agree there's a crisis and that something must be done.Other than those basics, there's been little agreement at meetings this weekend in Washington, D.C. Finance ministers and top central bankers from around the world are in the U.S. capital for annual meetings of the World Bank and International Monetary Fund. In advance of those meetings, Commonwealth finance ministers met last week and Group of Seven industrial ministers talked over the weekend. The U.S. has been pushing other G7 countries to drop key interest rates, as it and Canada did last week. Britain and Germany are resisting such a move within their own borders. And France is suggesting tighter control on the speculative money flow, to stop investors from undermining troubled economies. Japan and the U.S. believe that such controls would cut off vital foreign investments. Financial problems which started in Thailand more than a year ago have spread across Asia to Russia and are threatening Latin America.