Friday, October 8, 2010
One for smuggy
The atmosphere is in marked contrast to that of the same event a year ago, when finance ministers and central bank governors were in self-congratulatory mood. Decisive and concerted policy action appeared to have averted a depression. With the immediate crisis apparently over, all the talk was of when and how to end the extraordinary stimulus measures that had been put in place. A new golden age of global co-operation was declared: in adversity, nations had come together to solve their problems.