The G20 did all it could, according to Felix Salmon. He’s among many bloggers and commentators saying that the outcome was better than they expected. Take Paul Krugman’s short and concise take in the New York Times. And the Wall street 24/7 that asks ‘What if the G20 actually works’ were our expectations just too low? Can we hope for real change?
Kevin Drum isn’t ecstatic, yes a trillion dollars is a lot of money and good news form any countries but as he puts it…
“Obama was also said to be opposed to a greater role for international regulatory bodies, and he appears to have won that round.The draft section that called for regulators “to supervise cross-border institutions and to complete the establishment of colleges of supervisors for all significant cross-border financial firms” is gone.”
In the Huffington post the argument is about world… this article says that ‘The developing world needs its own stimulus package’. This blog spells out exactly What the G20 Leaders’ Statement means for developing countries.
Tax havens came strong in the statment and your connversation on World Have Your Say. This G20 Voice blogger writes about ‘What the G20 support notes say on tax havens’.
On the program yesterday we had intersteing comments about aid money to Africa with many contributors emailing, texting and calling in all saying pretty much teh same thing… ‘Give the aid to teh country but not the governments’ some suggested NGO’s.