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By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
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France wants emerging market nations to join G-7
AP - 1 hour 16 minutes ago
SAO PAULO, Brazil - France's finance minister on Monday reiterated her country's position that big emerging nation economies should be allowed to join the powerful Group of Seven industrialized nations forum that has a big say in global economic policy.
French Finance Minister Christine Lagarde told French and Brazilian business executives that the G7 won't mean much in the future unless large emerging nations are allowed to join.
She said that Brazil should be among those countries but did not specify others. Brazil, Russia, China and India are the world's leading emerging market economies.
Lagarde made the comments ahead of a summit in Washington on Saturday for world leaders from rich and developing nation leaders to hold talks on the international financial crisis.
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