Talk is cheap as G20 discuss yet another meeting later in the year
Gordon Brown appears to be one of the main backers of Australia's bid to have a second special G20 summit later in the year to be held in Asia. This will be on top of the forthcoming G20 meeting in London and there are serious concerns that despite numerous meetings and numerous promises the G20 will yet again fail to deliver on the grand scale that the headlines often promise.
The fact that the second G20 meeting could be held in Asia is probably a sign that western-based governments are looking to bring on board powerhouses such as China, Japan and India to ensure that co-operation in international money markets continues. Whether we will see any meaningful change in the funding arrangements currently in place or indeed any new rescue plans or financial stimulus packages is very much open to debate.
Even though the G20 consists of the most powerful nations in the world it has a history of promising more than it actually delivers and delays after delays have been encountered in the past. The bottom line is that each and every government around the world knows what needs to be done, when it needs to be done and in what manner. So what exactly is the hold up?
Share this..
Related stories
Government forced to fight back in pension battle
The UK government has today been forced to confirm that the age of retirement will not rise above and beyond 68, which is due to come in by 2046. When compared against the current retirement ages of 60 for women and 65 for men, the proposed increase to 68 has already been confirmed but yesterday the Pensions Regulator suggested that the retirement age in UK would have to increase to above 70 years...
Read MoreVirgin Money releases 'football fan inflation' data
Football fans might be discouraged from supporting their teams at away matches due to rising petrol costs, a report from Virgin Money suggests.The firm's latest Football Fans' Inflation Index shows that the average spend on fuel this season will hit £243.Two years ago, this figure stood at just £192.Portsmouth supporters will be most affected by these rising prices - with Manchester City followe...
Read MoreMotor insurance industry branded ‘dysfunctional’
The office of Fair Trading has moved to call the motor insurance industry dysfunctional, and has requested the Competition Commission investigate why people end up paying so much for insurance. The cost of insurance has been on the rise for years now, and it is though it could have risen by as much as 20% over the last three years alone. The industry has justified this by pinning much of th...
Read MoreLloyds bank is considering further redundancies
Lloyds bank has today confirmed that the group is considering the future of up to 300 agency counters around the UK. This is the next step in a significant cost reduction programme introduced by new chief executive Eric Daniels who believes he can slash £1.5 billion from the cost base of the company. While the group has reiterated that the 3000 Lloyds TSB, Halifax and Bank of Scotland branches in...
Read MoreNew wave of job cuts on the way
It has been revealed that advertising giant WPP and software company Sage are set to announce thousands of additional job cuts over the next few days. Many experts now fear that the employment market is entering the next phase of the economic downturn which could see hundreds of thousands of job losses announced over the coming days and weeks.
After the initial reaction to the econo...