More problems to come

After the international financial summit in London the daily Delo doubts the G20 will be able to keep up with the increasingly ominous crisis scenarios: "If we translate the astounding but nonetheless objective figures into reality one thing is clear: a de-globalisation and standstill of this magnitude in world trade will mean the axing of millions of jobs, huge losses, debts and the collapse of many companies, vast state budget deficits and consequently also human dramas as well as increased social and political tensions worldwide. The problem lies in the fact that up to now none of the classic fiscal or monetary measures have 'made an impact'. Owing to a lack of good ideas the G20 summit - like a number of governments before it - sought refuge in political or strategic measures which are inconsequential in terms of providing a true solution to the crisis, such as cutting bonuses for bank bosses."

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