I think I’ve now read about a dozen stories telling me that America is seriously at odds with France and Germany at the G-20 meeting because Obama isn’t as serious about financial regulatory reform as Nicolas Sarkozy and Angela Merkel are. The phrase “non-negotiable red lines” and the quote “The crisis didn’t actually spontaneously erupt in Europe, did it?”show up in pretty much all of these stories, but there’s always one thing missing: an explanation of exactly what the disagreement is about. Is the global financial press really so lame that they haven’t been able to ferret this out yet? Better gossip, please.
April 2, 2009
More G-20 Gossip, Please
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