G20 meeting produces G-zero results
Perhaps it was the euphoria over the Greece elections or the growing concerns about the stability of Spain’s economy, but after much handwringing, the G20 meeting produced little in terms of an agreement on a way forward.
“But the gathering produced no acceleration in the timeline for financial integration, such as guaranteeing bank deposits across the 17-nation currency union. European leaders meet again late next week to discuss their road map, which could take months to develop and years to implement,” writes the Wall Street Journal.
The meeting did release a final declaration at the summit’s conclusion. Despite the lack of a concrete agreement, Treasury Secretary Tim Geithner did express confidence that progress was being made.