Canada's Prime Minister Stephen Harper at the opening of a round table session at the G8 summit in L'Aquila, Italy on Wednesday. [Chris Wattie/CCTV/Reuters]

Silvio Berlusconi, Italian Prime Minister, said, "The crisis, at least the hardest part, is behind us. In any case, governments will operate in harmony, with coordinated activities in order to get out of this crisis completely. They will also work to frame a code of principles, values and regulations, which will prevent what has happened from happening again in the future."

Meanwhile, the G8 also agreed to try to limit global warming to 2 degrees Celsius.

Scientists have warned that there would be serious climate consequences if the world temperature rises more than the threshold of two degrees Celsius.

But the group failed to pinpoint a base year for its goal of an 80 percent reduction in greenhouse gas emissions by 2050. The EU has been pushing for a reduction by half from the base year of 1990 while Washington wants to use the higher emission level of 2005.

(CCTV July 9, 2009)