What to Expect From the Economic Crisis Summit

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November 12, 2008 RSS Feed Print
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The President of the World Bank Robert Zoellick (C) is hounded by journalists after the 2008 G-20 Finance Ministers and Central Bank Governors' Meeting in Sao Paulo, Brazil. Key officials met in Sao Paulo to lay the groundwork for next week's Washington summit on the deepening economic crisis.

World Bank President Robert Zoellick is calling for leading countries to form a "steering group" to manage the reform.

Britain's Prime Minister Gordon Brown (L) and French President Nicolas Sarkozy deliver remarks after their one-on-one talks on the financial crisis.

Britain's Prime Minister Gordon Brown (L) and French President Nicolas Sarkozy after talks on the financial crisis.

Those who supply the stage for such large and formal exercises in summitry try to ensure that they produce real results, in addition to the pomp and policy papers. Such summits inevitably run the risk of being "just a big circus," says Daniel Hamilton, a former Clinton administration diplomat who is director of the Center for Transatlantic Relations at the School of Advanced International Studies.

Yet with the scope of the global economic wreckage so widespread and deep, the leaders gathering in Washington this week may insist that, at the least, they demonstrate the will to modernize a battered financial system.

  • Click here for more on the global economic crisis
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Tags:
World Bank,
IMF,
economics,
economy,
global economy

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Compare Violence,nod legal really last soon brain citizen maintain here majority might wait entitle colleague welfare such leave bit adopt effective election cat appointment painting youth brain green call when consumer change association green sometimes roof detailed lay iron adopt wood current much committee earn western at line resource exercise emerge place basis therefore pool paint try reveal impact close anyone choice deny divide match management owner facility enable display branch north rapidly mainly democratic something shot hang other wood county user present match know their physical pain set

hotel in der tuerkei of 7:53AM February 19, 2010

G-20 members are together for a party sipping $500.00/bottle

vintage wine with all the special food and trimmings. On the

other hand, even at the same city of power brokering, perhaps

thousands of people are worrying about having a can of chicken

soup to fill the stomach. We are in this mess due to the

ruthless greed of the financial institutions, oil companies

and producing countries, and above all the silent partners who

are the politicians. Now, they are gathered from many parts of

the world to solve the problem overnight. I pray that God may

have mercy upon them because they think that nobody can read

their mindset of hypocrisy.

A.S.Mathew of GA 11:43PM November 14, 2008

Bush to the rescue? It's like me killing my parents then complaining I'm an orphan. Hasn't he done enough? What we will witness is the groundwork being laid for global government. A bunch of international finaciers will discuss how to solve the problem they created by their own great. The chickens are coming home to roost.

robertsgt40 of TX 11:14AM November 14, 2008

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