and the winners are:
The G-20 summit in London was held at a most critical time of the world economy. It was obvious that things can not continue as usual. It was also clear that the solutions needed should match the gravity of the dire, global economic situation. As always, challenging times like this call for statesmen to stand up and get counted.
The most popular leader on earth, Barak Obama, proved that he was up to the challenge. I think, Obama’s greatness is found in his acknowledgment to the limits of the power of the U.S. At the conclusion of the summit president Obama said, “ it is very important for us to be able to forge partnerships”. Not only was he successful in creating consensus, but he was also able to push his stimulus package and restore confidence in the economy.
President Sarkozy of France and Chancellor Merkel of Germany, were winners for pushing for strict global financial regulations. Sarkozy in particular Suggested that “ serious measures must be taken to create new rules on capitalism” and blamed the “ U.S. and Britain and their dangerous, unregulated financial world system for the economic crisis”. (anarcho-capitalism)
The Chinese were winners in getting the recognition that they are an economic power to be reckoned with.
President Lula was a winner for personifying the shift of power to the emerging economies of the world.
Prime Minister Douglas Brown was a winner not only for organizing a very successful summit, but also for making the summit a truly inclusive one.
Prime Minister Meles Zenawi of Ethiopia was a winner for a victorious representation of Africa’s interest.
Let’s only hope that all the commitments in the final communiqué are put in to practice, and the world would gain a well regulated, fair and balanced economic system.