When the rich world’s finance ministers met in the South Korean beach resort of Gyeongju last week, few people really expected them to achieve very much -- and, in that regard, they did not let anyone down.
Respondents to last week’s web poll voted overwhelmingly that the G20 meeting of finance ministers and central bankers achieved nothing. The participants came out of the meeting claiming to have averted a currency war and said some fine things about the role of markets in determining exchange rates, but they didn’t agree to anything that would actually hold them to these principles.
That, perhaps, is just as well because most of the people around the table...
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