G20 Meeting to Determine the Global Economy's Path
Jean-Marie Colombani, To Vima (translated) | March 31, 2009
The upcoming G20 meeting will determine the future path of the global economic system. ++ The camps are divided into two: Obama, Brown and the IMF (who speak of depressed demand and push for stimulus plans) vs. Sarkozy and Merkel (who speak of the success of the “welfare state” to offer protection against the crisis). ++ It is crucial that the G20 rejects any suggestions for protectionism and supports the functioning of the international trade system in the midst of the credit crunch. ++ Done differently, the potential for recovery is grim.
