Update 3rd April: In fact I have to concur with Peter Riddell this morning:
More great write-ups abound, hidden amongst the photos and headlines that Brown craved, especially from the overtly fawning BBC who's headlines are veritable lies to sustain the illusion of Statesman Brown. Jeff Randall in the DT: "Decent folk have been roasted on a spit by a tribe of political pygmies"...get beyond the first few paragraphs about the demonstrators and Jeff really nails it how it is, "For more than 10 years, these decent folk have been roasted on the spit of a Chancellor-turned-Prime Minister who, having failed miserably as the regulator-in-chief of financial services, is now trying to rebrand himself as a statesman of international repute...
Gordon Brown should enjoy his moment on the global stage. He has undoubtedly had a diplomatic success in chairing the G20 summit; however, it is unlikely to last.
"The G20 shindig is his last chance to claim a triumph, even though it will be a fudge."
It is a shameless performance from a leader who has buried his country deep in debt, while building up a democratic deficit among those whose voices he blocks out...
Update 2, 11am (BST): from Burning our Money...Funny Money
Reading around, and between, the lines, it seems to break down like this:
- In terms of Cold Hard Cash, the actual new money pledged to the IMF amounts to $240bn, less than one-quarter of the $1.1 trillion in the G20 headline. That $240bn is coming from just three lenders - China ($40bn), Japan ($100bn), and the EU ($100bn). None is coming from the US, and the $100bn from Japan has already been announced once, in February. So real new money amounts to just $140bn, or less than 0.2% of world GDP (pre-Crash).