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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?

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