President Bush and World Leaders Agree on the Washington Declaration to Address Current Financial CrisisNovember 14-15, 2008, Washington DCToday, President Bush and world leaders gathered for the first in a series of meetings to discuss efforts to strengthen economic growth, deal with the financial crisis, and to lay the foundation for reform to help to ensure that a similar crisis does not happen again
Since the outbreak of this crisis, the world's leading nations have coordinated actions more closely than ever before
Thanks in large part to these decisive measures, once frozen global credit markets are beginning to thaw and businesses around the world are gaining access to essential short-term financing
This problem did not develop overnight, and it will not be solved overnight