President George W. Bush is hosting Italian Premier Silvio Berlusconi, a close ally, for private meetings and a formal state dinner at the White House.
Bush, who met over the weekend with officials of the G-7 industrialized nations, is likely to consult with the Italian premier on plunging business confidence across the globe that has fed stock selloffs and government interventions to prop up fragile economies.
Berlusconi on Friday cited rumors that stock markets might be suspended in his country but cautioned that no world leader has been raising that idea. Earlier this year, he said he has worked hard to make sure that Europe and the United States remain strong allies, even as public opinion in his country turned against the war in Iraq.
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