03/01/2009 05:12 am ET Updated May 25, 2011

Bill Clinton At Davos: "This Is Still A Good Time To Be Alive"

Former U.S. President Bill Clinton delivered an upbeat message Thursday amid the mood of economic gloom at the World Economic Forum, telling delegates, "This is still a good time to be alive."

Clinton admitted that the deepening impact of the financial meltdown, which is dominating the agenda at this year's meeting in Davos, had left many people frightened -- but said the global scale of the crisis proved that the world's nations could no longer afford to turn their backs on one another.

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