From The International Herald Tribune:
The year 2008 has been indelibly marked by the global financial crisis. No one predicted its outbreak or its scale; I don't think anyone knows when and how it might end.
It is already clear that initial reassuring statements about it were irresponsible. In the coming months, the world, and world politics, will be severely tested.
Searching for ways out of the crisis will be a difficult, agonizing process. Not all early efforts were effective. This first failure in the functioning of our fully globalized world caught us by surprise, largely unprepared.
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