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The leaders of the world’s twenty wealthiest nations have unveiled a five-point action plan to reform global financial markets after the credit crunch started to hit the real economy, plunging most of Europe and the United States into recession. Meeting at a summit in Washington over the weekend (15 November), world leaders agreed that additional… » read more

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EU finance ministers failed to endorse significant measures to tackle recession and conflicting positions emerged on global economic governance during their meeting in Brussels yesterday (4 November), which was dominated by internal divisions. Amid gloomy economic forecastsPdf external , the prolonged credit crunch and an expected fall in consumption and investment, no concrete EU-level action… » read more

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