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G20 summit just like plain vanilla:Analysts
By: Agencies

New York: 

FLOP SHOW: World leaders at the G20 summit.  Pic/AFP

The outcome of the G20 summit on the financial crisis, analysts have said left substantive issues to future meetings and was unable to bridge the ideological gap and articulate a coordinated global response.

For all the talk of action and history-making change, some experts said the outcome was disappointing.

"This is plain-vanilla stuff they could have agreed on without a meeting," said Simon Johnson, an economist at the Massachusetts Institute of Technology.

"The issues discussed  such as credit rating agency reform were already studied," said Tim Ryan, President of Securities Industry and Financial Markets Association.

'Zimbabweans responsible for inflation'
Zimbabwe's Reserve Bank Governor Gideon Gono said ordinary Zimbabweans are to be blamed for the country's crippling inflation. The country's inflation rate is 231 million per cent, the highest in the world.









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