Andean Group - December 2008 (ISSN 1741-4466)

Venezuela's President Hugo Chávez hosted an emergency meeting of Alba, his regional integration initiative, on 26 November. The purpose of the meeting was to come up with an alternative response to the global financial crisis. Chávez made it clear what he thought of the prevailing message from November's G-20 summit in Washington and the Asia-Pacific Economic cooperation (Apec) summit in Lima shortly before the Alba get together. “The US says the (financial) crisis must be resolved with more market freedom," he said. “This is madness: it is like taking someone who has bronchitis and putting them in the freezer."

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