Stanley's blog

According to a World Bank report and its president, Bob Zoellick, 17 out of the 20 G20 members have taken protectionist measures since the November summit in Washington. The G-20* leaders signed a pledge in Washington to avoid protectionist measures. The only exceptions appear to be Japan, Saudi Arabia and South Africa.

This report exposes the hypocrisy of our leaders and brings into question whether they are capable of leading us out of the present economic and financial crisis. It doers not augur well for the G20+ gathering in London next month. How will we be able to distinguish between rhetoric and reality?

* The G20 members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and US.together with the EU.

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  1. Dear Stanley

    Indeed, I agree totally.

    I like the quote from Commissioner Ashton………….when distinguishing between ‘protection’ and ‘protectionism’.

    “Protecting people mean equipping them to compete in the world – not trying to pretend that it doesn’t exist or that its economic forces can be held back” when distinguishing between ‘protection’ and ‘protectionism’.

    That’s our business!


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  2. All we are seeing on the Television is France and Germany trying to scupper any deals that may be made rather than taking a broad view that is their bankers as well as the UK & USA along with all the others in others countries who have caused this economic problem. The Bankers are the greediest of all, then look at the CC charges they make, that alone is scandalous, then look at the Bonuses not only for Bankers but heads of the Insurance Companies and Hedge Fund people who are one again Bankers, anyway they can get money out of the people they will do it and all to give themselves bigger and bigger Bonuses. Will the G-20 Address these issues no, we are at the bottom of the pit and they know it

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