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World Leaders Punt on Economic Crisis

By TheRealNews.com
November 17, 2008

The G-20 summit brought together world leaders to debate the international economic crisis, but George W. Bush’s lame-duck status contributed to a lack of action.

The Real News Network spoke to Prof. Leo Panitch, and economist, Doug Henwood about what was proposed at the meeting and what was accomplished.

(The story summary continues below.)

Henwood says it’s very difficult to imagine these varied countries coming together and ceding sovereignty to an international economic body. Panitch says it's time to democratize the financial system while the need for reform is obvious.

TheRealNews.com is an independent news network that produces stories of global interest. 

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