Rarely has a summit been so hastily organised, hyped so much, yet achieved as little as last week’s G20 meeting called by President George W. Bush to deal with the world’s financial crisis. World leaders did agree on a confidence-boosting package of economic assistance, but put off sorting out any detailed plans on overhauling financial management and regulation, or revising the problematic global currency trade and settlement regime until their next summit, scheduled on April 30, when the United States will be steered by President Barack Obama.
So what should happen between now and the April 30 meeting, which may take place in Watford (and make that pre-Roman trackway in Hertfordshire eponymous with world finance)?
Looking at what various experts are writing, a few things stand out. First of all, solutions will have to include the entire G20, including China, Saudi Arabia and India.
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