Financial Transparency Coalition

The summit meeting which is taking place in L’Aquila, Italy, at which the Group of 8 (Britain, Canada, France, Germany, Italy, Japan and the United States) is joined by South Africa, Brazil, China, India, Mexico and Egypt, will be the first since we realized the extent of the financial and economic crisis we are facing.

ROME (AFP) — The world's most powerful leaders gathered in Italy on Tuesday on the eve of a G8 summit aimed at finding common ground on how to tackle the global economic crisis, climate change and turmoil in Iran.

EVIAN, France (AP) -- The leaders of France and Britain pushed Monday for ambitious targets for tackling climate change and cracking down on uncooperative tax havens, ahead of upcoming meetings with other heads of state this week and in September.

We, the G8 Finance Ministers, remain focused on addressing the ongoing global economic and financial crisis. We have taken forceful and coordinated action to stabilize the financial sector and provide stimulus to restore economic growth. There are signs of stabilization in our economies, including a recovery of stock markets, a decline in interest rate spreads, improved business and consumer confidence, but the situation remains uncertain and significant risks remain to economic and financial stability.