As was noted in the G-20 London Summit Statement of 2 April 2009, “a global crisis requires a global solution”.
The G-20 countries pledged “to do whatever is necessary to restore confidence, growth, and jobs; repair the financial system to restore lending; strengthen financial regulation to rebuild trust; and fund and reform our international financial institutions to overcome this crisis and to prevent future ones” These are noble and correct sentiments, but it is the implementation that counts.