Showing posts with label G20. Show all posts
Showing posts with label G20. Show all posts

Friday, 3 April 2009

The world's greatest whip-round.

Leaders of the world's largest economies (and Britain) have agreed to tackle the global financial crisis with measures worth $1.1 trillion.

If you write this figure down in numerals it looks more like binary code than a number.

Mr Brown and his Chancellor, Mr Darling have thrown so much money at the banks and other financial institutions recently I’ve calculated that Britain can only afford to chip in to this fund with something around a fiver!

Gordon, mate, as a country, we’re on the edge of bankruptcy ourselves, so don’t go making anymore rash promises, there’s a good boy!

Wednesday, 1 April 2009

Climbing the G20 Summit

Tomorrow, Wednesday April 2nd is the big day, the start of the G20 summit in London. World leaders are meeting to discuss plans to tackle the economic crisis.

The Metropolitan Police reckon that the security alone will cost £7.5m. Add this to all the other costs, ferrying in the delegates from all over the globe, feeding, watering and entertaining them, it’s going to cost more than a pretty penny, more like a penny with looks to die for.

With homes and businesses boarded up, it doesn’t look like the local economy is going to make a brass farthing out of this exercise.

This is the technological 21st century, so wouldn’t it have been easier, cheaper and safer for all concerned to sit back in their favourite armchair, in the warmth of their own homes and do the whole thing by video conference?