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$1 Trillion Agreement Reached At G-20 In London

Following the agreement on financial regulations, President Nicholas Sarkozy of France indicated it represents historic progress. Host Prime Minister Gordon Brown celebrated the commitments to the International Monetary Fund and the World Bank.

But does the G-20 matter?

Guests:

Joseph Stiglitz, economics professor at Columbia University

Lee Hudson Teslik, associate editor at the Council on Foreign Affairs

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