Monday, June 28, 2010

The G20 Summit

This Financial Times article and cartoon says it all.
Fiscal disarray is the least of the G20’s sins
By Clive Crook
Bromley illustration

The first Group of 20 summit in November 2008 proclaimed a new era of “global solutions to global problems”. Less than two years later, with the economic crisis barely contained, the partners are at odds. Reaching agreement was not the main challenge in Toronto this weekend. They knew that was not going to happen. Mainly, they hoped to put the best face they could on disunity.

How much do these divisions matter? The main bone of contention in Toronto was fiscal policy. Here, I would argue, simple ineptitude seems to be a bigger problem than disinclination to co-operate.

Read more here.

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