World leaders gathered in London for the G20 summit will make some decisions towards an overhaul of the financial system but the Group of Eight summit (G8) in July will be the stage for the main action, Italian Premier Silvio Berlusconi said Wednesday.
Berlusconi said he thought the G20 would adopt ''some immediate decisions'' relative to preventing financial speculation.
''The G20 will begin to do something, but it's at the G8 that the new code on world financial and economic behaviour will be drawn up,'' he said as leaders met for bilateral talks ahead of Thursday's main G20 summit.
''At the G8 we will make our proposal for a Global Standard, which is international legislation for the financial and economic worlds,'' he added.
Italy holds this year's G8 presidency and is hosting the summit on the island of La Maddalena on July 8-12.
