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G7 formulates 5-point plan to protect bank

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  • Published On: October 11, 2008
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Finance ministers from leading industrialised nations have pledged action to tackle the financial crisis after a torrid week on stock markets. The G7 nations said they would take "decisive action and use all available tools", after a meeting in Washington. They issued a five-point plan aimed at unfreezing the flow of credit.
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