G20 can't solve Europe's problems

At the summit meeting that begins today, Monday, in Mexico, the group of the 20 most important industrial and emerging nations will focus above all on he euro crisis. But the G20 is hardly the right place for solving Europe's problems, writes the liberal-conservative daily Jyllands-Posten: "The G20 group has proved itself a reasonable forum for seeking solutions to regulate the financial industry, but it can neither solve Europe's home-made problems nor instil a dynamic that creates global growth and jobs. Some believe the G20 lacks legitimacy because it's not a 'real' international organisation. But that's an irrelevant academic discussion as long as other pressing challenges determine the agenda. And unfortunately the latter are dictated by the financial markets, not by the heads of state and government of the G20 countries."

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