Realistic Expectations: G20
Clive Crook, Financial TImes | November 17, 2008
This weekend's G20 summit was a mixed bag: Obama did not attend, lame-duck Bush cannot make any serious commitments, and yet, the G20 may be jockeying its way into an important position. ++ National governments promised to focus on macroeconomic coordination, and regulatory standards via the IMF or Financial Stability Forum (FSF). ++ "It would be good if Saturday's declaration proved to be the old G7's death certificate - even better if the G20 could be made into a more compact and efficient replacement."
