SOURCE: Detroit Regional Chamber

October 10, 2008 13:17 ET

Largest Metro Chamber of Commerce Responds to Turbulence in the Financial Markets

DETROIT, MI--(Marketwire - October 10, 2008) - The Detroit Regional Chamber issued the following statement regarding the current economic emergency confronting the global economy.

"We are facing uncertainty in the global economy on a scale not seen before in our generation," said Richard E. Blouse, president and CEO of the Detroit Regional Chamber. "It is vitally important to restore a sense of confidence and calmness among investors to allow the world markets to function in an orderly manner rather than react to irrational fear, which is only undermining the global economic foundation."

"Stabilizing the financial markets is absolutely necessary to preserve an economic environment where businesses, the engine of the global economy, can thrive. The Detroit region's businesses, which are already struggling under tough conditions, and millions more across the nation are being negatively affected by the current economic crisis. We cannot allow fear and panic to hamper business growth and job creation. The leaders of the world's largest economies need to coordinate their efforts to help restore liquidity and faith in the global economy," continued Blouse.

About the Detroit Regional Chamber

With over 20,000 members, the Detroit Regional Chamber is the largest chamber of commerce in the country. The Chamber's mission is carried out through business attraction efforts, public policy advocacy, strategic partnerships and quality products and services for members.

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