We must watch this round of G20. It appears if we will be standing alone, we have turned everyone against us and it is yet to be seen if we will be strong enough to stand, I don’t think so, we have rotted through extreme over spending and over-extension.
The current EU leader has called the G20 our global governance, could it already be here? Watch and see…
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Analysis: German tempers fray as U.S. policy gulf widens
(Reuters) – Germany‘s undiplomatic outbursts against U.S. policy, calling it “clueless” before a G20 summit, show growing estrangement on economics as America’s focus shifts away from transatlantic ties to domestic challenges and Asia.
“The Atlantic is getting wider,” said Anton Boerner, head of Germany’s Foreign Trade Association, who spoke of a “creeping alienation” between America and Europe, which has been exacerbated by the global financial crisis.
Germany and the United States often criticize each other’s approaches to aiding economic recovery, with U.S. calls for more expansive policy falling on deaf ears in fiscally disciplined Germany. But Berlin has taken the rhetoric to a new level.