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The G20 meeting will fail if solvent countries don't boost the world economy and fix the IMF

By Gerald Holtham   April 2009

The meeting of the G20 leaders in London this April is ominously being compared to the failed London conference of 1933. Then, a newly elected president, Franklin Roosevelt, (probably rightly) refused to accept the policies agreed in London. The prospects for success today are not much brighter, especially if those gathered fail to agree a global reflation plan and lack the courage to reform the IMF.

In 1933 America, as now, was the leading player in the world economy. Once again, we have a new US president anxious to preserve domestic support for a radical reform programme. He will be…

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