In London they gave the IMF more money, now in Pittsburgh they’re giving more countries an influence over what it does. Add to that the confirmation that the G20 will replace the G8 as the lead body co-ordinating the world economy and that power shift we talked about on Wednesday seems to underway.
But are these measures enough to rejuvenate the world’s economy and prevent such a calamity happening again? Some of you are saying it’s all very well talking about the IMF monitoring deficits and surpluses, but what’s it going to do when it identifies a country going too far one way or another?
We’re also on the look out for a deal on bankers pay but no agreement yet (though that may change before we go on air).
Are you impressed with the results from the decisions taken in London? And does this latest summit give you faith in these leaders being able to take the right and necessary decisions?
And after the decisions we also have the issue of delivery. It’s one thing saying you’re going to do something, quite another doing. Are decisions becoming actions quickly enough for you?