Finally, a good cynical take on the G20 meeting. ENJOY, dammit. There's NOTHING to look forward to. - Ed.
My worst fears about the weekend gathering in Washington of world leaders to discuss the financial crisis were realized overnight when the statement after their meeting was released. It contained a host of generic fluff and very little mention of the specific actions required to tackle the gargantuan economic problems of today.
The statement accompanying the meeting, held under the Group of 20 (G-20) banner, could have been put together by a bunch of first-year economics students. It probably was, but that's not what worries me about the initiative. In the opening part of the statement, the following section seemed positive: "Our work will be guided by a shared belief that market principles, open trade and investment regimes, and effectively regulated financial markets foster the dynamism, innovation, and entrepreneurship that are essential for economic growth, employment, and poverty reduction."
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