27 Jan 2009

Political Leaders and Central Bankers flock to Davos

Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change.

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More than 40 heads of state and government -- almost double the number last year -- will be joined by 36 finance ministers and central bankers, including the central bank chiefs of all the G8 group of rich countries except the United States.

About 1,400 business executives will also be in Davos but fewer top bankers and captains of industry are expected as they struggle to keep their businesses afloat -- and themselves in a job, mindful of the event's glitzy image in more austere times.

Reuters - World Economic Forum Website