The G7 group of nations have formulated an "aggressive" plan to counter the global economic crisis, they said last night. 

Henry Paulson, the US Treasury Secretary, said the G7 finance ministers "finalised an aggressive action plan to address the turmoil in the global financial markets and the stresses in our financial institutions". 

The United States also appeared to look to Britain for a solution, as it unveiled plans to buy stakes in its financial institutions. Mr Paulson unveiled the tactic following an emergency meeting of the G7 in Washington. It mirrors a rescue package unveiled by Gordon Brown, the Prime Minister, and Alistair Darling, the Chancellor, this week.

We've Got A Plan To Solve The Crisis, Insist G7 Nations