G20 against new great depression

Director of the London School of Economics - Howard Davies

Today we will once again be talking about the state of world finance and the global economy. At a one-day summit in Washington the leaders of the 20 most economically important countries agreed to a radical change in the international monetary system. Their final statement pledges to reform global financial institutions such as the World Bank and the International Monetary Fund. How radical could this reform be? And will it really help prevent a new Great Depression? We’re about to hear one of the most competent commentators on the subject - our guest today is the Director of the London School of Economics - Howard Davies.