World Leaders Act on Economic Crisis
- New York Times, 15/11/2008
WASHINGTON — Facing the gravest global economic crisis in many decades, the leaders of 20 countries agreed Saturday to work more closely to reinvigorate their economies, but put off the thornier questions of how to overhaul regulation until next year, effectively giving a major assignment to the Obama administration.
Though the proposals were cast as ambitious reform, they mainly reflected steps that the countries were already undertaking. What remained to be seen was whether, working with a new White House, they will cast aside their political and economic differences to come up with dramatic changes.
Some pessimism in the second paragraph, there, as the Author correctly recognises the talk of "massive reform" as "let's do the same, only more so."
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