G20 to the rescue? 
19.11.2008
The world is still in a financial mess and the Group of 20 leaders is trying desperately to find a way to clean it up. At the end of the G20 summit on 15 November, the group ordered a regulatory crackdown on high-risk lending and investment.
They have come up with a plan to deal with the crisis and have asked for specific action to be taken by regulators and finance ministers, among others. Some elements of the plan will have to be finished by 31 March, 2009.
Not everyone agrees with the G20. Some economists worry that the plan may backfire as they say that the global economy needs more lending, not less, right now. We take a closer look at some of the language used in the statement by the G20.
We focus on vocabulary to talk about the causes of the crisis. We feel that you’ll find the language useful to talk about the current crisis — or any other.
Deborah Capras
verzweifelt
etw. bereinigen
Gipfel(treffen)
behördlich
(hartes) Durchgreifen
Regulierungsbehörden
Wirtschaftswissenschaftler(innen)
ins Auge gehen
