Coordinated international action helped save the world from the financial crisis that erupted last year, former President George W. Bush said Wednesday.
"We intervened early, we intervened aggressively and we intervened together," Bush told the World Knowledge Forum, an annual conference sponsored by a South Korean business newspaper. Bush added that it remains unknown what would have happened had action not been taken.
"I believe because of close coordination and the willingness to act in the face of financial danger that the interjection of capital into the financial system helped save our economies," Bush said.
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