Yglesias

G-20 Communiqué

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Get your official G-20 Communiqué text here.

The inability to get the Europeans to commit to more fiscal stimulus is disappointing, if expected. But I think the part about increased support for the multilateral economic institutions is very important, and the statement on trade is very encouraging. On top of that there was the side agreement with Russia on nuclear arms reductions that’s extremely important. All in all you see here that diplomacy can’t transcend fundamental differences of perspective on the issues. At the same time, I think we also saw the difference between a situation in which, at the margin, world leaders would prefer to be seen as cooperating with the President of the United States and the situation that previously prevailed in which, at the margin, world leaders would prefer to be seen as hostile to the President of the United States.