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The European 'social market' model has been celebrated by President Barroso (Photo: Wikipedia)

US laissez-faire to battle European 'social market' at G20

Ahead of the G20 meeting of the world's leading industrialised and emerging economies this weekend, the president of the United States and the president of the European Commission have laid down their markers for what should be the solutions to save the global economy.

On Thursday, US President George W. Bush made an impassioned plea for laissez-faire capitalism and warned against turning away from free markets, while commission President Jose Manuel Barroso extolled the virtues of publ...

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The European 'social market' model has been celebrated by President Barroso (Photo: Wikipedia)

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