The Pittsburgh water torture continues as dribs and drabs of the communique leak out.
There has apparently been agreement on the need to balance global imbalances stressing fiscal responsibility and structural reform. All high minded, and likely to be completely and utterly ignored. There is also a recommendation on banker bonuses, but it too has no teeth.
Just another costly waste of time.
More importantly, the news today that Iran is building a second nuclear plant has turned the focus to the October 1 talks in Geneva between the US, UK, France, Germany, Russia and China with Iran are now some pretty high-stakes poker. A line has been drawn in the sand, both Gordan Brown and EU defense chief Solana have said. Let’s see if they can bring some serious pressure to bear.
