Will the G20 summit move things ahead?

One year after the bankruptcy of US investment bank Lehman Brothers, the daily Le Quotidien takes stock of the global financial crisis that then ensued: "From the ashes of this more than one-hundred-year-old institution arose the worries of numerous states that they would see their economic system collapse in turn. From its ashes also arose promises of reforming the global finance system, which faced its worst crisis in 60 years. Everyone agreed the lesson to be learned from Lehman was that the global financial system had to be given a major overhaul in terms of regulation and governance. ... Now, a year after Lehman's demise, a new G20 summit will meet in Pittsburgh in two weeks. Its goal: to set the course for a new code of conduct in the world of finance. ... It remains to be seen, however, whether the nations can keep a cool head, set their differences aside and work jointly to establish veritable long-term reforms."

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