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EU leaders seek bank reform

Published:Wednesday | October 15, 2008 | 2:43 PM

European leaders are calling for major reform of the global banking system.



British Prime Minister Gordon Brown has suggested that the IMF be rebuilt to help regulate the world\'s financial systems.



German Chancellor Angela Merkel has backed a previous call by French President Nicolas Sarkozy for better international supervision of the financial system.



The European leaders are scheduled to meet today to discuss a rescue plan for their countries’ financial sector.