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Bush invites world leaders to crisis summit

Post-election meeting to gather heads of G20 to find ways to reform regulation of markets.

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WASHINGTON (CNN) -- President Bush will host world leaders November 15 for a summit to confront the world financial crisis, the White House announced Wednesday.

He will invite the leaders of the G20 group of countries "to discuss the financial markets and the global economy," White House spokeswoman Dana Perino said.

The leaders will try to "agree on a common set of principles" for reforming regulation of the markets, she said.

Bush will host a dinner at the White House the night before the summit, she said.

The event will come after the November 4 presidential election. Perino said it is "too early to say" whether the president-elect will attend the summit.

"We don't know what that president will want or not want to do," she said, but added that the White House will seek his "input."

Bush was joined over the weekend by French President Nicolas Sarkozy and Jose Manuel Barroso, the president of the European Commission, at Camp David, where he said it is "essential that we work together because we're in this crisis together."

Bush said the summit will include developed and developing nations from around the world and suggested it could be the first of a series of high-level meetings.

The G20 countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.

The managing director of the International Monetary Fund, the president of the World Bank, the United Nations secretary-general, and the chairman of the Financial Stability Forum also have been invited to participate, Perino said in a written statement. To top of page

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