World Leaders Powerless in Davos

Frédéric Lemaître, Le Monde (in French) | January 29, 2009

Klaus Schwab, President and Founder of the WEF, has stated that the 39th forum will be one of convalescence of the world economy. ++ Well, nothing is less sure. ++ Recently the crisis has hit both Asia and Brazil, both expected to be exempt. ++ The biggest problem is that confidence seems to have disappeared among the G20. ++ Behind the numerous statements advocating a global response and proliferation of plans to re-launch the economy, the truth, as Tony Blair expressed, is that nobody knows what ought to be done.