Daily Archives: September 25, 2009

The thing that really stood out from Barack Obama’s press conference was his vow not to return to the bad old ways of “boom and bust”.

Having heard Gordon Brown overuse that phrase for more than a decade, it is too much to hear the same from Obama. The words blew up in Brown’s face once the crisis started. Read more

The G20 summit is done and dusted. The outcome pretty much as expected with the G20 now at the centre of global economic policy making. But the differences with past policy making are not as great as some of colourful language writes Chris Giles of the Financial Times Read more

The G20 leaders are set to work together on reforming the world economy but there are many potential pitfalls ahead.  Read more

The emerging G20 communique is a traditional compromise. To please the US and the UK respectively, the words “framework” and “compact” are both used. To please Germany and emerging countries, there is no binding mechanism to force countries to follow G20 missives in future. Fierce arguments which the FT reported today over seats on the IMF board and other reform issues have been swept under the carpet.

So what is new? Read more

Ralph Atkins

Germany is losing the PR battle over trade imbalances, writes Ralph Atkins of the Financial Times Read more