The G-20 as a forum has also already proven its ability to contribute to the global dialogue and providing imputes for new global economic governance. The global crisis of today provides us with a new opportunity to act comprehensively and collectively for the long term – rather than selectively and separately for the short run.
I think it is justified to attribute this to the structural reforms undertaken more than a decade ago. Does this make Germany a role model for other countries in the euro area? Certainly not down to every detail. Each country is different, and each country needs a different set of reforms.