G20 offers no magic bullet to fix financial crisis

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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

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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