Former Australian Treasurer Peter Costello once told us that the G20 was ‘important in itself,’ an idea to which he could easily relate. Former IMF Chief Economist Simon Johnson continues this fine tradition of explaining the relevance of the G20:
the fact that G20 heads of government will now start meeting (dinner is on November 14; mark your calendars) is most significant. Almost always, once a group like this meets, it can agree on its own importance and the need for another meeting.
I’m sure we can all sleep a little easier at night, knowing the G20 is on the job.
by Genís