Word: summit
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...That's typical of the German leader's restrained approach and a salutary reminder, amid the backslapping, that the political success of the summit - the fact that leaders can go home and tell their citizens they did good - shouldn't be confused with its real, practical impact...
...what are the key points agreed on, and how will they play out? The leaders neatly skirted the biggest point of contention in the run-up to the summit: whether to boost national economic-stimulus packages. Instead, the G-20 focused on two other significant areas: the funds available to international institutions to help poor or struggling economies to withstand the crisis, and tougher global regulation of financial markets. (See pictures of the global financial crisis...
...other financial-market players will be subject to far greater - and properly coordinated - international scrutiny, as will big banks with activities in several countries. "We'll begin to crack down on cowboys in global markets," said Australian Prime Minister Kevin Rudd. The tax-haven issue that almost sank the summit means that those not complying with international standards on exchanging information will be publicly named and shamed. (See a TIME video from outside the G-20 summit...
...tried to come up with a plan to relieve the record unemployment around the globe, Michelle Obama enjoyed the sinuous beauty of ballet. At the end, Brown tried to connect the two, delight and despair - an awkward task in such troubled days. "In this difficult time, with the difficult summit taking place down the road, you remind us all about the part that culture plays in keeping us all alive," she told the opera-house performers...
...Atlantic Alliance's 60th birthday celebration this weekend. The festivities, which will span the Franco-German border, are suffused with the symbolism of a Cold War that brought NATO into being but whose end left the Alliance with no clear mission or identity. Hence the title of this anniversary summit: "NATO in 2020: What Lies Ahead...