Britain's chancellor of the Exchequer, Alistair Darling, said today that it is important to be "realistic" about what can and cannot be achieved at the April 2 G20 London Summit. He was following Washington's lead; the Obama administration has been lowering expectations that leaders of the world's largest economies would be able to agree on a "global New Deal" to fight the economic crisis.
In an interview with the BBC, the chancellor said the London meeting would not produce the final word on the world's response to recession, describing it instead as "part of a process." "I think we have to be realistic about what we can do together," Darling said.
Please note my story from yesterday in The Daily Beast.
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