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Europe in the Back Seat

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The reform of global economic governance is still firmly on policymakers’ agenda, but the EU has done little to develop a coherent approach to the new forms that the G-20 has committed itself to establishing. Instead, the EU has been reduced to taking a series of rearguard positions aimed at tempering its own loss of stature.

MADRID – Reform of global economic governance is still firmly on the radar screens of policymakers, but there is little evidence that the European Union has developed a forward-looking or coherent approach to the new forms that the G-20 is committed to establishing.

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