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G-20 summit: who's in charge?

Who's in charge of world economy? Anyone?
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German Chancellor Angela Merkel and French President Nicolas Sarkozy talk as they arrive for a press conference after a meeting with Greek Prime Minister George Papandreou and EU and IMF representatives over Eurozone bailout plan ahead of the G20 summit on November 2, 2011 in Cannes, France. (David Ramos/AFP/Getty Images)
Elected leaders of 20 largest economies meet in Cannes and are confronted by a simple reality: there is very little they can do to sort Europe's mess while Greece is in political meltdown.

Greek PM Papandreou: referendum flip-flop a political ploy

ATHENS — The referendum is off. The rescue deal is on. And Prime Minister George Papandreou might be out.

Greek finance minister Venizelos issues dire warning on euro zone referendum

ATHENS — Sarkozy and Merkel put all Greek aid on hold, putting the country weeks away from bankruptcy.

Giving Greeks a voice

ATHENS — The risk is a disorderly default and global economic turmoil. But shouldn't democracy have a voice in its birthplace? 

Greece: Cabinet backs bailout referendum, PM prepares to face Europe's anger

Greece's cabinet has unanimously backed Prime Minister George Papandreou's call for a referendum on the Greek bailout. Papandreou is due to hold emergency talks with other euro zone leaders later Wednesday.

Europe reacts to Papandreou bombshell

A jolt of genuine democracy to an un-democratic process.
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Yesterday world markets went haywire over Greek Prime Minister papandreou's unilateral decision to hold a referendum on the term of the Greek bail-out deal. The more measure reaction of European opinion formers today is less panicked. (Spencer Platt/AFP/Getty Images)
Greek Prime Minister Papandreou's decides to hold a referendum on the terms of the country's bail-out.

European shares tumble on Greek referendum news

In Frankfurt, Germany's Dax benchmark financial index fell 3.8 percent in early trade, while the Cac-40 in Paris dropped 3.4 percent and London's FTSE 100 – not part of the euro zone – traded 2.5 percent lower.

Greece sets surprise referendum on bailout

The prime minister's shocker gives Greeks a voice, but pummels markets.
Greek Prime MInister George Papandreou addressing the Greek parliament. His call for a referendum has rattled world markets and angered opposition politicians (YIANNIS LIAKOS/AFP/Getty Images)
Greeks to vote on euro bail-out package.

China and the $100 billion bailout question

BEIJING — It's easy to see why China would want to help Europe, which is China's largest export market. But China will need to justify the move to its own people.

EU bailout boss looks to China for funds

Klaus Regling, chief executive of the European Financial Stability Facility (EFSF), was to meet with Chinese finance officials and officials from the People's Bank of China.
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