Thursday, April 2, 2009

G20 Summit Results

Below from Paul Krugman's blog:

"Credit where credit (line) is due: the G20 outcome was better than I expected, with something substantive and important emerging — namely, much bigger funding for international financial institutions (IFIs), plus expanded trade credit. This will help smaller, currency-crisis countries a lot.

A turning point? No. But realistically, most big-time international meetings produce nothing; this did something significant."
My own opinion: unfortunately I think we needed a turning point.

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