The prospect ofa major downturn was already on theagenda for the 2008 meeting that gathers some ofthe world's most powerful people, but the U.S. Federal Reserve's suprise 0.75 point rate cut move to calm turbulent markets placed it under fresh scrutiny.
Given the intensive German pressure and the resultant Dublin accord on bailing out the USSR, the new EC proposal is going to be a centerpiece oftheagendaofthe upcoming meetingofthe NATO summiteers in London and that ofthe major Western industrial nations at the Houston Economic Summit.
And doubts remain about theagenda for ameeting next month ofthe People's Consultative Assembly, a parliamentary group which until now has been responsible for choosing the president and vice-president, and which is now supposed to approve a new election law and confirm the election timetable.