Reuters – Finance ministers from rich nations, when they meet on Friday, will face less economic turbulence than at their last gathering two months ago, but they recognize they need developing nations to step up spending to revive the world economy.

Acknowledging the growing economic might of developed nations, U.S. Treasury Secretary Timothy Geithner scheduled a gathering of officials from the Group of 20 wealthy and emerging economies next Friday immediately on the heels of a meeting of the rich Group of Seven.

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Tags: developed nations, developing nations, economic turbulence, emerging economies, finance ministers, reuters finance, rich group, treasury-secretary, u-s-treasury, world-economy

Forbes – EU leaders meeting in Brussels on Thursday and Friday will discuss action on the financial crisis, with concern expressed that some eastern European countries may need more help.

Earlier this month G20 finance ministers laid out a broad framework for regulatory reform and repairing the financial system at meetings this weekend.

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Tags: brussels, eastern european countries, finance ministers, financial crisis, forbes, regulatory reform