What came from the G7 meeting?
Last week, after the G7 met in Washington, the markets rallied (then crashed again). I don’t know what came out of the meeting – ABCNNBCBS reported enthusiastically: “don’t worry, our leaders are fixing the problem.”
A second, less conspicuous wave of headlines about the meeting betrays its meager results:
-On crisis, Europe to US: ‘I told you so’
-Europe to United States: You’re On Your Own!
-Europe to U.S.: You messed up the rescue, too
