G- 7 meeting on market crisis

The group of seven finance chiefs met in Washington yesterday to discuss global recessions and market crisis. The stocks plunged to one of the lowest values of history in the week and the failure of banking system is another major issue that was discussed by finance ministers and central bankers.

The officials tried to ensure that they will disallow anything to happen like the collapse of Lehman Brothers Holdings Inc. and will try to embrace measures to guarantee loans between banks.