In order for the economy to begin to get stabilized, foreclosures will need to be lessoned and unemployment will need to decrease. In order for unemployment to decrease companies will need to stop going out of business and laying off employees. In order for businesses to stay open more consumers need to spend and in order for them to spend more money they need to be able to comfortably afford their needs including their mortgages. It is a vicious circle that needs to be stopped. It is not only occurring in the United States. The world market is fragile and many of the world leaders know it and fear it is getting worse. Therefore, more than 20 world leaders gathered at an emergency summit in London on Tuesday to try to come to an agreement on what to do to help the world economy.

In recent months, President Barack Obama passed a stimulus package that included sending more money in the paychecks of middle class workers. This has become effective in the past month. The extra amount is determined by the previous year claimed on tax forms. Obama has recommended one of the ways for the world’s economies to improve is to spend more by injecting more money into the consumer’s pockets which will circulate money. European leaders prefer tougher regulatory system for the global finance.

Leaders from such countries as Russia, China, Saudi Arabia, Britain, Italy, India, Brazil, Germany, France, and of course the United States among others met on Tuesday to hopefully come up with a plan that will help solve the world’s economic problems. Many leaders would like more money in the International Monetary Funds along with closer scrutiny of hedge funds and tax havens. They also determined that the biggest reason why the great depression was so severe was because world leaders could not come to an agreement leading to many problems that could have been avoided.