Asian And European Leaders Urge New Financial Rules

11/25/2008 05:12 am ET | Updated May 25, 2011
  • Ariana Eunjung Cha Washington Post

Leaders from Asia and Europe on Saturday called for new rules and stronger regulation of the global monetary and financial system at the close of a two-day summit in Beijing as China assumed a new leadership role in the crisis.

Chinese Prime Minister Wen Jiabao said the world's economic problems had become so massive that measures beyond the many billion-dollar bailout packages already announced might be necessary to avert further damage.

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