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On Thursday the G20 meeting concluded with a joint statement which announced new regulations for hedge funds and rating agencies. In addition also published the list of tax havens and created a new regulatory framework and coordination to the international financial system. The countries meeting in London also agreed to spend one trillion 100 billion dollars to the International Monetary Fund and other multilateral institutions support the global trade in emerging countries. G20
results show that for the first time in many years the leadership of the international community fell short of the circumstances. However, no guarantee that we will emerge from the crisis.