Progress at Horsham

The G-20 fiance ministers and central bankers achieved basic agreement at their weekend conference at Horsham,near London.U.S. Treasury Secretary Timothy Geithner said we are seeing the world move together at a speed and on a scale without precedent in modern times.We have a strong consensus on the need for both recovery and reform so that we never face a crisis like this again.The ministers agreed on the need for both economic stimulus,according to the needs and abilities of individual countries,and regulatory reform,which has an international aspect.British Chancellor of the Exchequer Alistair Darling felt there had been a significant amount of progress,a great deal of consensus.Mr.Darling,however,expressed deep concern about emerging markets and their 90 million people who could be impoverished by the financial crisis.