A year ago, the world economy slid into the deepest crisis since the Great Depression. As the international community initially focused on countering the crisis, a substantial shift to the reformation of the financial system is needed. In this respect, there is no lack of soaring rhetoric by the G20 governments, nor insistent agreements to agree, nor detailed studies of highly honorable experts in the commissions and committees.
What does all of this add up to?
Johannes Klocke works at the department for economic policy at HAUS RISSEN HAMBURG
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