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The global reform of the financial system should not end up in a new wave of isolationism, Mr Bush warned (Photo: European Commission)

Bush backs EU plan on global financial reform

US President George W. Bush has backed the European idea of a series of global talks on reform of the world's financial system, with the first summit set to be held shortly after the US presidential elections in November.

The outgoing American leader agreed there needs to be further co-ordinated effort to tackle the "challenges facing the global economy" after a three-hour meeting at Camp David on Saturday (18 October) with French President Nicolas Sarkozy, whose country currently chair...

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The global reform of the financial system should not end up in a new wave of isolationism, Mr Bush warned (Photo: European Commission)

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