News Report (translated from Gazeta.ru): The interests of the G-20 countries are far too different to expect serious changes of the financial architecture from the Washington summit, as Sarkozy and Medvedev want. The G-20 summit will reinforce national regulation and intervention into the economy. However, these measures will not help to overcome the crisis.
My Comment: Each one of them is trying to “look out for number one” – and this is why the meeting is doomed to fail. Next, the crisis will develop further, and after that there’ll be another meeting and another failure – and by then war won’t be too far off. It would be better if they didn’t meet at all, as it is written: “When egoists stay apart, it is better for them and for the world.”