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http://www.weforum.org/ 28.01.2006 The US is running the largest fiscal deficit in its history, largely financed by Asian central banks. Deflationary pressures have kept interest rates low, but a housing bubble in the US and parts of Europe is a cause for concern. It might take very little to spark a global recession. 1) What could trigger a destabilization of the global economy? 2) What measures are necessary to redress balance in the global economy? 3) What can be done to sustain global growth? Palaniappan Chidambaram, Minister of Finance of India Lawrence H. Summers, President, Harvard University, USA; Co-Chair of the Annual Meeting 2006 Heizo Takenaka, Minister for Internal Affairs and Communications and for the Privatization of Postal Services of Japan John A. Thain, Chief Executive Officer, New York Stock Exchange, USA Jean-Claude Trichet, President, European Central Bank, Frankfurt Chaired by Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom