Chavez plans meeting to counter G-20 emergency economic summit

Venezuelan President Hugo Chavez announced on Friday he planned to hold his own summit to counter a meeting of the so-called Group of 20 industrialized and developing countries this weekend in Washington. Chavez said he will invite the Bolivarian Alternative for the Americas trade bloc, known as ALBA, and members of the Petrocaribe oil initiative to discuss the world financial crisis. He accused the Group of 20 Friday of ignoring the world's smaller countries and said its meeting to address the global financial crisis won't likely produce any real solutions to the economic "hurricane" the US has caused.