That’s Very Reassuring …

From the NYT:

“President Bush and European leaders, who have been tussling over whether to revamp the regulatory framework for global finance, agreed Saturday night to take steps toward a series of international meetings to address the economic crisis, the White House said.

After a private dinner at Camp David, Mr. Bush, President Nicolas Sarkozy of France and the president of the European Commission, Jose Manuel Barroso, issued a joint statement saying they agreed to “reach out to other world leaders” to propose an international summit meeting to be held soon after the United States presidential election, with the possibility of more gatherings after that.”

Steps towards a series of meetings! Just the thing to put the markets to rights!

With any luck, they’ll move on to considering the possibility of future discussions to explore the option of appointing a blue-ribbon commission to propose possible joint statements and recommendations. And then we’ll really have progress!