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Merkel to Open Davos Forum as Leaders Discuss Failed Capitalism

German Chancellor Angela Merkel will open next week’s World Economic Forum in Davos, Switzerland, which will be attended by policy makers and business leaders including U.S. Treasury Secretary Timothy F. Geithner.

Merkel’s speech will lead into a program that begins with a debate on whether capitalism is failing society, with panelists including Bank of America Corp. Chief Executive Officer Brian T. Moynihan and Sharan Burrow, general secretary of the International Trade Union Confederation, the forum said today.