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The CEO of accounting giant Deloitte, Joe Echevarria, talked about developing "compassionate capitalism." "You're going to have to deal with regulation -- balancing the need to protect society along with stifling growth," he told The Associated Press in an interview at Davos. "I think that has to manifest itself through the choices that governments and businesses make." While the bigwigs debated at Davos, key Greek bondholders were holding closed-door meetings in Paris to discuss how
-- and whether -- to continue talks central to Europe's debt crisis, a person close to the bondholders said. Later Wednesday, German Chancellor Angela Merkel may chart her course for Europe's crisis in her keynote speech at the Davos forum. Surveys ahead of the meeting showed pessimism among world CEOs and plunging levels of public trust in business and government leaders, feeding the overall sense of fragility in the U.S. and European economies, and concerns that it will bring the whole world's economy down.
[Associated
Press;
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