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Statement of the United States, France and the Presidency of the European
Commission
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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

ÿÿWhite House News

ÿÿÿÿÿ President Bush Meets with President Sarkozy of France and President
Barroso of the European Commission ÿÿÿÿÿ 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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