Posted AT 9:49 PM EST on 10/10/08
Co-operation among G7 unprecedented
WASHINGTON — The world's seven big capitalist countries are turning their backs on orthodoxy in order to end the worst financial crisis since the Great Depression.
In an extraordinary statement Friday night, finance ministers and central bank governors from the Group of Seven major industrial nations stated in black and white that they will choose winners and losers if that's what it takes to restore calm to global markets.
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