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Thu 11 Nov 2008G20 summit needs to tackle issues of financial governance

OPINION:Obama will not attend, but the summit is likely to yield a new approach to US involvement, writes Patrick Honohan

DURING THE election campaign, the financial crisis impinged on Barack Obama's team primarily in its domestic US aspects, but its effects continue to ooze around the globe. The grand summit of G20 leaders on the international financial crisis being hosted by the outgoing US administration in Washington DC this week, comes at a time when international co-operation is badly needed - and when the risk of a descent into "beggar thy neighbour" is clearly present.

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