Italy Rallies G8 as Tsunami Debt Plan Takes Shape
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PARIS/ROME  - Italy called on Group of Eight rich  nations Thursday to discuss a joint response to the Indian  Ocean tsunami catastrophe as moves to grant debt relief to some  of the stricken countries gathered pace.
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LONDON  - Britain and Australia followed Japan and the United States in pledging dramatic increases in emergency aid for victims of the tsunami disaster in Asia as the world community struggled to cope with its mushrooming fallout.
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Tony Blair was being asked today to call an emergency meeting of the G-8 industrial nations to discuss their response to Asiaâs tsunami disaster.
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Indonesia Thursday welcomed a German plan to propose a debt moratorium for the tsunami-hit country when the Paris Club of sovereign lenders next meets on Jan. 20 and hoped it would free up more funds for reconstruction.
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One of the world's largest relief efforts is gaining momentum as countries and aid organizations make more donations of funding, supplies and personnel to areas ravaged by earthquake-triggered tsunamis.
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"We said that on behalf of the countries of the G-8, that we are aware of our obligations and we would like to fulfill the promises that we entered into and we are going to do that."  Leaders of the Group of Eight agreed Friday on a $60 billion package to fight AIDS, TB and malaria in Africa and warned Iran over its disputed nuclear program, closing out a summit of the world's richer nations.But a deal could not be reached on the the independence-seeking Serbian province of Kosovo during three days of talks at the Baltic Sea resort of Heiligendamm.About half of the $60 billion was pledged earlier by the U.S., and other nations will contribute the rest, Germany's development minister said. Read more
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Millions of Italian workers are expected to take part in a general strike against $8bn in government spending cuts.
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Italy's government on Wednesday night raised the prospect of co-ordinated central bank intervention to stabilise the euro, highlighting European Union nervousness about the impact of its rise against the dollar on the eurozone's economic recovery.
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Description: The world&#39;s economic leaders indicate support for the idea of forgiving the debt of the world&#39;s poorest countries.
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E&#39; il momento della solidarietÃ  internazionale, ma anche di affrontare una realtÃ  piÃ¹ terribile del previsto. Lo tsunami, ieri mattina, ha dilagato sulle coste di otto Paesi del sud est asiatico dopo il
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Britain will use its presidency of the G8 industrialised nations to push for a modern day Marshall Plan delivering full debt relief, trade benefits and financial assistance for highly impoverished countries, Chancellor of the Exchequer Gordon Brown said.
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Indonesia Thursday welcomed a German  plan to propose a debt moratorium for the tsunami-hit country  when the Paris Club of sovereign lenders next meets on Jan. 20  and hoped it would free up more funds for reconstruction.
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The chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami disaster.
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L'annuncio dato dal premier Prodi e dal ministro degli EsteriSarÃ  il quinto vertice a svolgersi nel nostro paese                                            Il G8 del 2009 si terrÃ  in Italia i Grandi sull'isola della Maddalena
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Some members of the Paris Club of creditor nations agree to forgive 80% of Iraq's debt at the G20 summit in Berlin.
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The G7 group of industrialised states, led by the UK, is set to back a moratorium on debt repayments from countries hit by the Asian tsunami.
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Long considered something of a junior partner among Europe's elite nations, Italy is carving out a hefty role in world affairs.