Tuesday, March 31, 2009

G20 Summit: global currency, nationalize banks, IMF review of US, UK, Switzerland

Europe 2020 http://www.europe2020.org cites the above three actions as urgently necessary in an open letter to the upcoming G20 Summit participants. They have correctly forecast the unfolding events of the world financial crisis for several years now, and they believe that the world will have a decade or more of economic decline and political chaos unless these three actions are underway by this summer. The last of the three, the assessment of the U.S., United Kingdom, and Swiss economies by the International Monetary Fund seems the least likely to happen. Speaking for my own country only, can you imagine the blow that would be delivered to the national psyche by this event? It seems unimaginable from a domestic political point of view.

So let's keep an eye on the outcome of the April 2nd G20 meetings.

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