Greek debt mess an unwanted test for G20

Reuters

Alan Wheatley
November 1, 2011

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By Alan Wheatley, Global Economics Correspondent

LONDON, Nov 1 (Reuters) - The Group of 20 always faced long odds at its summit this week on making much of a difference to the resolution of the euro zone's debt crisis. After the shock announcement of a referendum in Greece on its new bailout deal, the mission now looks impossible.

The G20 was designated in 2009 as the steering committee for the world economy and earned its spurs by coordinating a fiscal stimulus to cushion the blow of the global financial crisis.

But two years on, the unforeseen twist in Greek politics …

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