After presenting a voice from Europe, Timothy Garton Ash, and USA,, Roger Cohen regarding g20 in London, here is an article from Asian Times Online. It shows that underlying nervosity and unsolved tensions at G20 is clearly perceived in Asia. And respect is rapidly decreasing:):)regarding Europe AND America.
Interesting.
The G20 Summit of FearBy Walden Bello
The Group of 20 (G-20) is making a big show of getting together to come to grips with the global economic crisis. But here's the problem with the summit in London on April 2: It's all show. What the show masks is a very deep worry and fear among the global elite that it really doesn't know the direction in which the world economy is heading and the measures needed to stabilize it.
The latest statistics are exceeding even the gloomiest projections made earlier. Establishment analysts are beginning to mention the dreaded "D" word and there is a spreading sense that a tidal wave just now gathering momentum will simply overwhelm the trillions of dollars allocated for stimulus spending. In this environment, the G-20 conveys the impression that it is more
commanded by than in command of developments (In addition to the seven wealthy industrial nations (the US, Japan, Germany, the UK, France, Italy and Canada) that belong to the Group of Seven, the G-20 includes China, India, Indonesia, Mexico, Brazil, Argentina, Russia, Saudi Arabia, Australia, South Korea, Turkey, Italy, and South Africa.).
Indeed, perhaps no image is more evocative of the current state of the global economy than that of a World War II German U-boat depth-charged in the North Atlantic by British destroyers. It's going down fast, and the crew doesn't know when it will hit rock bottom. And when it does hit the ocean floor, the big question is: Will the crew be able to make the submarine rise again by pumping compressed air into the severely damaged ballast tanks, like the sailors in Wolfgang Petersen's classic film
Das Boot? Or will the U-boat simply stay at the bottom, its crew doomed to contemplate a fate worse than sudden death?
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Asia Times Online comprises atimes.com, a free website, atimes.net, an advertisement-free site for subscribers, and atchinese.com, a free site for Chinese readers around the world. These are quality Internet-only publications that report on and examine geopolitical, political, economic and business issues. We look at these issues from an Asian perspective; this distinguishes us from the mainstream English-language media, whose reporting on Asian matters is generally by Westerners, for Westerners.
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