Bush says open to G8 meeting but focus on regular meeting Friday

Bush seems not to be putting too much stock into an “emergency” G8 meeting. Given the lousy result from the EcoFin meeting in Luxembourg yesterday and today, an early meeting would likely be like herding cats and will only raise unmeetable expectations.

Elsewhere, Trichet says “there are limits”as yto what the ECB can do to help solve the banking mess. This is precisely the wrong message. Way to go, JC!