Can the Group of 7 fix the system itself?

When the Group of 7 reveals its response to the global financial markets crisis on Friday, one question they will find hard to answer is: Can you fix the system itself? History suggests not.

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1. EADS insiders knew of threats to profits before selling stock, regulator says data: 10.04.08
A report from the French market regulator details meetings in which senior executives learned about threats to profits.

2. Asian businesses and workers suffer from dollar's weakness data: 27.03.08
The sliding value of the U.S. dollar against most global currencies is putting many businesses and workers under increasing financial pressure.

3. Oasis Hong Kong Airlines goes bankrupt data: 10.04.08
The long-haul budget carrier, which tried to offer premium service and spacious seats at low prices, suddenly went into liquidation Wednesday, canceling all flights.

4. Europe shows resilience in face of U.S. downturn data: 27.03.08
Business confidence rose in Germany, France and Belgium, and the head of the European Central Bank dampened hopes for a cut in interest rates soon.

5. Ford closes sale of Jaguar and Land Rover to Tata of India data: 27.03.08
Tata Motors said Wednesday it would buy the luxury brands Jaguar and Land Rover from Ford Motor for about $2.3 billion in cash, less than half the price that Ford paid for the two companies.

6. Fuel costs just part of airlines' list of woes data: 10.04.08
Even before the recent flight cancellations, airlines and passengers were facing a new wave of travel misery.

7. What is next for the U.S. economy? data: 10.04.08
While the rest of 2008 looks tough and the fire sale of Bear Stearns to JPMorgan Chase has added to pessimism, the darkest clouds may be lifting on the horizon.

8. EU moves toward allowing in-flight cellphone calls data: 07.04.08
The new regulations, to be released Monday, will remove a major obstacle for companies that want to sell the service.

9. Americans begin to face the pain of an overvalued house data: 27.03.08
Homeowners sometimes lose sight of the fact that their home is only a house to most buyers, especially when prices are falling.

10. U.S. Senate panels to investigate Bear Stearns deal data: 27.03.08
Treasury Secretary Henry Paulson Jr. defended the takeover even as he called for more transparency on the part of Wall Street.


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