Brussels - The leaders of the world's seven richest countries and Russia called Wednesday for a global summit to address the current financial crisis. "While our focus now is on the immediate task of stabilizing markets and restoring confidence, changes to the regulatory and institutional regimes for the world's financial sectors are needed to remedy deficiencies exposed by the current crisis," a joint statement from the leaders said.
"We look forward to a leaders' meeting with key countries at an appropriate time in the near future to adopt an agenda for reforms to meet the challenges of the 21st century," it read.
Signed by the leaders of Britain, Canada, France, Germany, Italy, Japan, Russia, the United States and the European Commission, the message endorses a call first launched by French President Nicolas Sarkozy in the United Nations.
It was issued in Brussels during a summit of European Union leaders.
