How successful was the G20 in dealing with the global financial crisis?
It was a good thing that the G20 existed during the financial crisis. The G20 sent markets the signal that someone was in charge, even if that was not completely true. It gave the notion that you had all these leaders, who accounted for such a big chunk of the global economy, getting together and finding a common path toward recovery, how to deal with the banking crisis, and how to stimulate growth. That was an important signal to the world; it was a very important signal to financial markets and a very strong signal of confidence. So at that moment—the moment of the deepest, darkest stage of the crisis—having the G20 was very important. Now we know that the execution of those promises did not come to fruition. The countries are still squabbling and fighting over things, but some progress has been made. For example, they have agreed to restructure the governance structure of the International Monetary Fund, which is one of the decisions that will be made in South Korea. The governance—
