By SPA,
Beijing : The President of the EU Commission says unprecedented measures are needed to deal with the global financial meltdown.
Speaking Thursday on the eve of a 43-nation summit in China’s capital, Jose Barroso said the economic turmoil will dominate discussions at the Asia-Europe Meeting.
Barroso said he expects a forum to help work toward consensus in advance of a November 15 meeting on the crisis in Washington.
He was quoted as saying by Associated Press that the worst global financial crisis in 70 years required measures not seen before, including major reforms to the ways global financial institutions are regulated.
Barroso told reporters at a news conference that cooperation was crucial, and nations must stick together or sink together.