G7 endorses global power plan

Members of the G7: Japan, Germany, Britain, France, Italy and Canada gathered to talk about the best ways to battle future financial emergencies. The aim is to prevent another financial crisis that has affected the credit and mortgage sectors in U.S. It was known that risks to the global economy have intensified since October. Foreclosures and job losses in the first quarter of this year had given financial companies billions of dollars in losses. Worldwide financial losses are anticipated to reach $1 trillion over the next two years. Apart from this plaguing problem, soaring oil prices have also complicated the global outlook. This causes people to spend less on other things which impede growth.

The problem with a damage economy is the rise of poverty and crimes that comes after it. Is the world ready to combat more rebels and high crime rate at a tumbling economy?
Reference: http://www.cbsnews.com/stories/2008/04/11/business/main4010818.shtml
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