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Currency basket can replace U.S. dollar, says UN advisor

He said stimulus packages can rescue the world's economy, and the ensuing development can ensure the whole world, not merely rich countries, is able to share in the benefits. Sustainability, meanwhile, can address the world's grave risks of climate change, stress on the water supply and loss of biodiversity.

He said the world's 3 billion poor, especially the 1 billion poorest of the poor, are suffering terribly from the crisis, and the situation could become worse.

"But the pity is that the poor have got zero attention so far, while many countries are busy bailing out banks and businesses," Sachs said.

 

Editor:Shi Taoyang

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