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Can world leaders solve the financial crisis?

International leaders have agreed "tough new regulations" to prevent another global financial crisis. Was the G20 a success?

Speaking at the end of the two-day summit, President Obama announced reforms on executive pay and on the amount of money banks have to hold in reserve, although fell short of agreeing precise figures for either.

Mr Obama also outlined plans to give emerging economies a greater say in the global economy. The G20 will effectively replace the G8 group of developed economies.

Should emerging economies be given more power within the global economy? Do the new rules go far enough? Does the G20 make any difference to you and your life?

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Published: Thursday, 24 September, 2009, 10:41 GMT 11:41 UK

All comments as they come in

Added: Sunday, 27 September, 2009, 08:28 GMT 09:28 UK

Who do you think caused it...... duh !

Pathological Cynic, Sydney, Australia

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Added: Sunday, 27 September, 2009, 08:26 GMT 09:26 UK

Until the banks start playing fair with customers (who actually own most of them anyway), the politicians can only teak at the edges of the problem.

[Pfuetze], Lancashire

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Added: Sunday, 27 September, 2009, 08:07 GMT 09:07 UK

International leaders have agreed "tough new regulations" to prevent another global financial crisis - really?

hahahahahahaha

These "leaders" - aka myopic politicians - have never ever managed to agree on anything of profound significance, so how do they propose to make their "tough new regulations" work? Most sat idly by thinking of their popularity rating as the need for "tough new regulations" was ignored in the run up to the financial crisis. Our PM fiddled while our economy burned.

Peter Marton, Middlesbrough, United Kingdom

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Added: Sunday, 27 September, 2009, 07:42 GMT 08:42 UK

The world leaders? Solve something? Give me a break. Leave the solutions to people who know something about finance and leave the talking heads out of it.

Tom, Swaziland

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Added: Sunday, 27 September, 2009, 07:40 GMT 08:40 UK

These people are figureheads who simply talk the talk but don't walk the walk or make the real decisions. It show how clueless they are when our inept "no more boom & bust" prime minister wins the "world statemen of the yr" award.
They will never regulate the banks as they claim because they are too scared of the potential ramifications & they all have to take a share of responsibility for the mess we're in now which they didn't see coming or prepare us for. I have no confidence in any of them

Stuart Dawson, Peterborough, United Kingdom

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Added: Sunday, 27 September, 2009, 07:31 GMT 08:31 UK

I understand that in G20 must be more richest countries.But there are largest population countries.From 10 of largest population countries only three-Pakistan,Bangladesh and Nigeria are not invited-earlier or later they will become more powerful then many of theese G20-why not to invite them now-may be solving of problems stand little more easy.

Audrius Kviliunas, Kaunas, Lithuania

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Added: Sunday, 27 September, 2009, 07:31 GMT 08:31 UK

U.S and U.K economies will totally collapse within a year becouse of the depth and money printing and dollar and the pound will be worthless and then U.K will switch to euros and U.S will totally collapse.

Irfan, Finland

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Added: Sunday, 27 September, 2009, 07:14 GMT 08:14 UK

The world leaders are just the figureheads and we don't see the people who are really making the big decisions they have gotten us into the mess we are today and then make out they are doing a fantastic job getting us out of it politics politics what a tangled web they weave

[starmeimei], United Kingdom

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Added: Sunday, 27 September, 2009, 07:07 GMT 08:07 UK

They're part of the problem, not the solution. They caused the crisis in the first place. They were also involved in inventing all the other "crises" that we have at present.

Goodlookin Flatdog, Stockton-on-Tees, United Kingdom

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Added: Sunday, 27 September, 2009, 06:59 GMT 07:59 UK

I think the new rules on regulating the financial industries are the only good thing to ever come out of the G20 summits. All the previous summits have been a complete waste of taxpayer's money.

Glenn Lennox, Dallas, Texas, USA

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Added: Sunday, 27 September, 2009, 05:25 GMT 06:25 UK

Can world leaders solve the financial crisis?

No.

[digitalPatricius], Rothwell

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Added: Sunday, 27 September, 2009, 05:15 GMT 06:15 UK

I doubt they can solve anything really. I don't trust them at all as they have always let us down and never once solved anything that didn't get them and their political faction what they wanted. At the end of the day they are politicians and they will say whatever they believe you want to hear to keep themselves in power. Factually, they spout enough hot air that if anyone wanted to run a cheap air travel with hot air balloons they could easily be te supplier.

[alamolicious], peterborough, United Kingdom

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Added: Sunday, 27 September, 2009, 03:48 GMT 04:48 UK

Politicians have proved over the years they couldn't even run a raffle.If I cosult a medical doctor, he will have had extensive training in his field. Similarly, if I hire an electrician, I expect him to know AC/DC theory and be very familiar with electrical systems and devices. Politicians, on the other hand, need no training. All they need is a big mouth and a lot of money. That is why they are mostly lawyers and retired businessmen. QED!
Peter D South Carolina

Peter Dewsnap

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Added: Sunday, 27 September, 2009, 03:45 GMT 04:45 UK

Capitalism eats itself, the logistical costs of moving to another location to get food, or preparing sustainable resources are just too high. The shareholders won't have it!

Peter O'Neil, Wivenhoe, United Kingdom

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Added: Sunday, 27 September, 2009, 03:20 GMT 04:20 UK

They cannot solve this crisis because they are owned and operated by the very people who profit from the exploitation and, ultimately, destruction of our economy to maintain power and privilege over everyone on earth.

Roger Lafontaine, Youngstown, OH

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