Can the G20 deliver stability and growth of the global economy in the face of the Euro crisis?
27.06.2012, expert roundtable, 10h00 - 12h00
The G20 after the Los Cabos Summit
Whereas there is more or less general agreement that the G20 had been successful in reversing the economic downturn of 2008/2009 through a co-ordinated anti-cyclical response, this doesn’t necessary hold for its broader economic governance reform agenda. Progress in regulating the financial markets has been slow and uneven, while the Euro crisis, persistent high unemployment in many countries and ongoing debate about global imbalances point to the fact that global economic policy coordination has not yet progressed sufficiently.
Since the Cannes Summit in 2011, the Euro crisis is overshadowing this broader reform agenda. To some, the response to this new phase of the crisis provides a litmus test, whether the G20’s claim of being the ‘premier forum for international economic cooperation’ is still valid.
One week after the G20 Summit in Los Cabos/ Mexico we will look at the outcome of this most recent meeting of G20 leaders and discuss the state of play at the G20 from a European, a host country (Mexican) as well as from a global governance perspective.
Contact: Sidonie.Wetzig(at)fes-europe.eu
