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GEORGE TOWN, Grand Cayman--Whether G-20 leaders choose to recognize it or not, the Cayman Islands and other well-regulated offshore jurisdictions are key players in the international financial community, ideally placed to play a part in a solution to the present economic difficulties. Several world leaders, due to meet in London on April 2 for the G-20 summit, have pointed the finger of blame at offshore financial centers for contributing to, or even causing, the world's financial crisis. The rhetoric is heated. British Prime Minister Gordon Brown recently stood before the U.S. Congress and asked, "How much safer would everybody's savings be if the whole world finally came together to outlaw shadow-banking systems and offshore tax havens?"
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