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Intro:
Asia is licking its wounds ten years after the devastating financial crisis had engulfed most of its countries.
Today, another crisis is looming larger and is likely to weaken the global economy. Will Asia be impacted? The 7th ASEM summit meeting to be held in Beijing provides a platform for European and Asian leaders to address the collaboration that is badly needed to stabilize the financial situation. China becomes the focus of attention when it boasts of the largest foreign exchange reserve.
French President Nicholar Sarkozy says that he will call for including India and China in the planned global financial summit meeting. How will Asia and Europe interact with each other to minimize the global impact of the financial turmoil?
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