As if there was no better way to conclude the past eight years of the current administration, President Bush will host his own personalized going-away party: the world’s first “global financial summit,” where leaders will discuss the current global economic troubles and hopefully ways to prevent such crises from recurring.


The meeting — the first in a series — will discuss the financial crisis and ways to prevent it recurring.

Leaders from the G20 group of nations — the world’s leading industrialised countries and major developing nations — will attend.

The winner of the US presidential election will also attend the summit.

The meeting, to be held in the Washington DC area, will consider the reforms needed to avoid another financial crisis and look at the progress being made so far.

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