G20 offers no magic bullet to fix financial crisis

March 15, 2009 by admin · Leave a Comment
Filed under: Finance 

G20 leaders cannot solve all of the world’s economic woes on April 2, no matter how high British Prime Minister Gordon Brown builds expectations for a landmark financial summit that he will host in London.

As Angel Gurria, head of the Organization for Economic Co-operation and Development, describes it: “There is no ‘open sesame’. We’re not talking about pulling rabbits out of hats.” Read more

Salmond defends Scottish banking

March 15, 2009 by admin · Leave a Comment
Filed under: Finance 

Scotland’s first minister has defended Scottish financial institutions, saying they are not “uniquely responsible” for the current economic crisis. Read more