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A Weekend to Start Fixing the World
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Apr 11, 2008 08:01am |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Friday, April 11, 2008 02:00:00 PM UTC0:0 |
| Description | As Finance Ministers Convene Here, Multiple Crises Test Their Ability to Cope
By Neil Irwin and Michael A. Fletcher
Washington Post Staff Writers
Friday, April 11, 2008; Page D01
Financial markets are tumbling. The world economy is starting to sputter. Food prices have shot up so far, so fast, that there are riots in the streets of many poor nations.
It's a hard time to be one of the masters of the global economy.
Those leaders -- finance ministers from all over the world -- are gathering in Washington this weekend to sort out their reactions to the most profound global economic crises in at least a decade. The situation could reveal the limitations that international economic institutions face in dealing with the risks inherent to global capitalism.
"There's got to be something coming out of the weekend, a way to visibly assume public responsibility for trying to limit the damage that financial markets can do to our society," said Colin Bradford, a senior fellow at the Brookings Institution. "The pressure is on politicians this weekend to come up with an answer. . . . What is the power structure going to do about this?" |
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