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Calls mount for global summit on finance crisis

AFP, Paris
Pressure mounted yesterday on world leaders to call an international summit and confront the devastating financial crisis.
Japanese Prime Minister Taro Aso said he would call an emergency summit of the Group of Eight industrial powers if a Washington meeting of finance ministers from the world's wealthiest nations this weekend did not reach a deal on the turmoil.
Spanish Prime Minister Jose Luis Rodriguez Zapatero urged leaders of the 15 nation euro zone to hold their own meeting to take joint action.
Finance ministers and central bank chiefs of the Group of Seven rich nations - Britain, Canada, France, Germany, Italy, Japan and the United States -- meet in Washington from Friday.
There will also be a meeting of the wider Group of 20 nations which includes other major economies including Russia, China and India.
Aso, whose country chairs the G8 tills year, said he would call an emergency summit if the Washington talks did not produce a deal. "If things cannot be concluded, as the chair we will call one," Aso told reporters inTokyo.
Russian President Dmitry
Medvedev endorsed the idea of an emergency G8 summit but insisted major developing countries such as China and India be included.
"It's necessary to include other key' economies that define the financial climate in the world --China, India. Brazil, Mexico, South Africa," he said on the sidelines of a meeting with post-Soviet leaders in Kyrgyzstan.
Italian Prime Minister Silvio Berlusconi said Thursday that US President George W. Bush had sounded him out about a G8 summit onTUesday.
The White House denied a summit would be held Tuesday but said Bush was open to the idea of a
meeting. Berlusconi is to visit Washington on Monday.
Bush, who will meet the G7 ministers on Saturday, has made no comment on a meeting but in his latest White House statement commented on the international reaction: "We are in this together and we will come through this together."
British Prime Minister Gordon Brown said earlier this week that London was also talking to G7 and G20 nations about a meeting of heads of government.
"We are ready to put British proposals to such a meeting," Brown told reporters.
"Countries are tested in difficult
times. These problems certainly started in the United States of America but they are having a big impact on our and on others' financial systems," Brown said.
The Spanish prime minister meanwhile urged French President Nicolas Sarkozy to call an urgent meeting of euro -zone leaders.
The 15 nations which use the euro currency must agree on "strong and coordinated action" in the face of the banking meltdown. Zapatero said.
Sarkozy said the proposal was "interesting, relevant and useful" but added he would consult other European governments before calling a meeting.