In the meeting of the G20 Finance and Central Bank Deputies on January 25th-26th, the Italian Presidency received broad consensus on the priorities, initiatives and work plans of the different working groups: the Framework Working Group (FWG), the Infrastructure Working Group (IWG), and the International Finance Architecture (IFA) Working Group.
First, the size of the problem was enormous, and much greater than expected for several reasons. The big problem in Greece is Greece itself and the difficulty that its society has to unite. That’s where large divisions appear, as well as a kind of decision paralysis, which is worse.