G20 summit doomed to failure

The G20 summit begins on Thursday in the South Korean capital Seoul. In its leading article the liberal business paper Les Echos does not hide its scepticism about what can be achieved: "There is a major risk that over and above the inevitable consensual declaration, the G20 summit in Seoul ... will be a fiasco. There are so many contentious issues that fundamental agreement over today's three most pressing priorities - redressing commercial imbalances, improving coordination between countries and stabilising exchange rates - already seems utterly unattainable. Unless the unexpected happens, the sole question that remains one day prior to the summit is whether the leaders will allow their differences of opinion to come to the fore or not. The substance or lack of substance of the final declaration will furnish part of the answer."

» full article (external link, French)
More from the press review on the subject » International Relations, » Trade, » Inflation, » Global
All available articles from » Dominique Seux

» To the complete press review of Wednesday, November 10, 2010