The G-20 summit was a true public relations success. There were no walkouts by France or any other country as had been previously feared. There were statements that protectionism should be avoided. It appeared that the world learned the lesson from Smoot Hawley Tariff Act during the Hoover administration. There was a commitment to fund the International Monetary Fund with additional capital. Despite low expectations, there appeared to be an international consensus by the G-20 nations.

President Obama was warmly received by all the G-20 nations. This was in sharp contrast to the chilly reception of the Bush administration at prior G-20 summits.

Continue reading The G-20 Meeting and the Financial Crisis: Victory declared but massive economic problems Remain!

The G-20 Meeting and the Financial Crisis: Victory declared but massive economic problems Remain! originally appeared on BloggingStocks on Wed, 08 Apr 2009 17:30:00 EST. Please see our terms for use of feeds.