Erstellt am: 19. 6. 2012 - 15:38 Uhr
Accusations but no answers at the G20
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G20 leaders are exchanging some sharp words at their summit in Mexico - and it looks like Europe vs. the Rest of the World. While there was a minor bounce in the markets on the news of a conservative win in the Greek elections, it was short lived - and the finger pointing was soon underway at the G20.
World Bank chief Robert Zoellick said "We are waiting for Europe to tell us what it's going to do." European Commission President, Jose Manual Barroso, said "the challenges are not only European, they are global" - which diplo-speak for "Don't look at us, we didn't start it". He went on to be a bit more direct to the press, saying "this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market."
Jose Angel Gurria, the head of the Organisation for Economic Co-operation and Development (OECD), said the Eurozone crisis is "the single biggest risk for the world economy".
Meanwhile, German Chancellor, Angela Merkel, did her own bit of table thumping in response to Greece's Antonis Samaras, who is expected to be the new Prime Minister. He said he would be seeking amendments to the terms of the bailout agreement to relieve the suffering of ordinary Greeks faced with soaring unemployment and massive hardships. Mrs Merkel said "The new Greek government has to implement the commitments entered into by the country. The programme framework has to be kept" - or in other words "NO!!".
So amid all the blame throwing and mud slinging, and all the different opinions on what should be done, Vanessa Mock of the Wall Street Journal gave us her take on the G20 and Europe
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And Johannes Pollack of the Institute for Advanced Studies explained why the crisis is not only a financial one, but a structural one that can only really be solved by re-thinking how the Eurozone operates on a political level.
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