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October 2008
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For Immediate Release
Office of the Press Secretary
October 18, 2008
Statement of the United States, France and the Presidency of the European Commission
President Bush Meets with President Sarkozy of France and President Barroso of the European Commission
In Focus: Economy
The three leaders had a very positive discussion about the continued coordination of steps needed to solve the crisis in today's global economy. They agreed they would reach out to other world leaders next week with the idea of beginning a series of summits on addressing the challenges facing the global economy.
World leaders will be consulted about the idea of a first summit of heads of government to be held in the U.S. soon after the U.S. elections, in order to review progress being made to address the current crisis and to seek agreement on principles of reform needed to avoid a repetition and assure global prosperity in the future. Later summits would be designed to implement agreement on specific steps to be taken to meet those principles.
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