The G-8 Summit Ends -- News Updates And Roundip For July 10, 2009

From left, President Nicolas Sarkozy of France, Prime Minister Silvio Berlusconi of Italy, President Dmitry A. Medvedev and President Obama at the G-8 summit in L'Aquila, Italy on Friday. Andrew Medichini/Associated Press

World Has Avoided Economic Disaster, Obama Says -- Yahoo News/AP

L'AQUILA, Italy – Lasting worldwide recovery "is still a ways off," President Barack Obama declared Friday, but he also said at the conclusion of a global summit that a disastrous economic collapse apparently has been averted.

Obama said world leaders had taken significant measures to address economic, environmental and global security issues.

"Reckless actions by a few have fueled a recession that spans the globe," Obama said of the meltdown that began in the United States with a tumble in housing prices and drastic slowing of business lending. The downturn now threatens superpowers and emerging nations alike.

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More News On The G8 Meetings

G-8 Announces $20 Billion for Food Plan -- New York Times
G-8 to Pledge $20 Billion for Food-Security Initiative -- Wall Street Journal
World leaders want $20 billion for food aid -- Yahoo News/AP
G8 unfurls $15 billion boost for food production -- Yahoo News/AFP
TEXT-G8 Summit statement on food security -- Reuters
UPDATE:G8, G5 Inch Closer On Climate,Trade But New Gap Opens -- Wall Street Journal
Nations pledge to fight global warming - but without specifics -- Christian Science Monitor
Despite Obama's pledge, G-8 makes little headway on global warming -- L.A. Times
The G-8 Speaks Softly on Iran's Nuclear Program -- Time Magazine
Brown hails 'strong' G8 Iran line -- BBC
G-8 leaders pressured to honor aid pledges -- Christian Science Monitor
G-8’s Dominance Faces Challenge From China, India -- Bloomberg
Dollar's dominance under fire at G8 summit -- AFP
France Sarkozy:Global Currency System Needs Overhaul -- Wall Street Journal
Russia Pres: Not Clear That Econ Crisis Has Bottomed Out -- Wall Street Journal
Poll: World has little confidence in leaders' economic measures -- McClatchy News
G-8 summit disappoints many, but not Berlusconi -- Christian Science Monitor
FOCUS: Developing Giants Make Weight Felt As G8 Mutates -- Christian Science Monitor
Q+A-How did Italy G8 summit measure up against aims? -- Reuters
The G-8 Economic Suicide Pact -- Investors.com opinion