Business: A Summit off Moderate Success

And everybody gets some homework in his weakest subjects

For the world's industrial democracies, the great peril is that they will fall into a new recession before most of them have fully recovered from the last one. Hoping to avoid such a tumble, the leaders of seven* nations have journeyed four times in the past three years to much-heralded economic summits, where they have issued ringing, sometimes even rambunctious, declarations about their resolve to cure ills. So far, they have been unable to solve the multiple problems of slow growth, threatening levels of inflation...

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