{"id":413,"date":"2008-10-28T20:17:08","date_gmt":"2008-10-29T01:17:08","guid":{"rendered":"http:\/\/www.journals.law.harvard.edu\/ilj\/digest\/?p=413"},"modified":"2010-08-09T15:02:55","modified_gmt":"2010-08-09T19:02:55","slug":"asem-leaders-seek-international-cooperation-on-financial-crisis","status":"publish","type":"post","link":"https:\/\/journals.law.harvard.edu\/ilj\/2008\/10\/asem-leaders-seek-international-cooperation-on-financial-crisis\/","title":{"rendered":"ASEM Leaders Seek International Cooperation On Financial Crisis"},"content":{"rendered":"

At the seventh annual Asia-Europe Meeting (ASEM), leaders of European and Asian nations called for international participation in a global summit on the financial crisis. The summit is scheduled to take place on November 15 in Washington, DC.<\/p>\n

The 16 Asian and 27 EU leaders issued a joint statement saying that \u201clong-term stability of the global and regional financial markets is key to sustainable economic growth of both regions.\u201d They urged the international community to “take effective and available economic and financial measures in a comprehensive way to restore market confidence, stabilize global financial markets and promote global economic growth.”<\/p>\n

President Sarkozy, who currently holds the EU\u2019s rotating presidency, said that a pointed discussion and decisive action were needed on financial issues, including the global currency markets.<\/p>\n

\u201cEurope, Asia, and the US and other major financial partners need to work together to define and agree responses to the regulatory challenges,\u201d said European Commission President Barroso at the ASEM opening. Mr. Barroso also cautioned against nations \u201cclosing the door and simply looking after our own house,\u201d and called on member nations to \u201cfirmly resist calls for protectionism, isolation and economic nationalism.\u201d<\/span><\/p>\n

At a press conference, Chinese Premier Wen Jiabao said that all nations, \u201cespecially the developing ones, need to take decisive measures to stabilize their financial markets\u201d through the development of \u201cconfidence, cooperation, and responsibility.\u201d<\/p>\n

For further information, please click here<\/a>.<\/p>\n

To read\u00a0President of the European Commission Jos\u00e9 Barroso’s address at the ASEM convention, please click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the seventh annual Asia-Europe Meeting (ASEM), leaders of European and Asian nations called for international participation in a global […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[125],"tags":[59,62,41,56],"class_list":["post-413","post","type-post","status-publish","format-standard","hentry","category-digest","tag-asia-pacific","tag-europe","tag-foreign-affairs","tag-treaties"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peZu3S-6F","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/posts\/413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/comments?post=413"}],"version-history":[{"count":0,"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/posts\/413\/revisions"}],"wp:attachment":[{"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/media?parent=413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/categories?post=413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/ilj\/wp-json\/wp\/v2\/tags?post=413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}