G-20 finance ministers and central bankers are assembling in London this weekend so expect the wires to be whirling this afternoon. From the comments so far it is clear that protectionism is very high on the list, particularly among nations with big export sectors.
South Korea is a case in point. Their finance minister, Mr.Yoon, says that he is afraid advanced nations will introduce protectionist measures to cope with the financial crisis (buy American, anyone?).
While Geithner will be calling for more stimulus and the Europeans for more regulation, Asia will be trembling that their goods will be shut out. Sounds like a free-for-all lies ahead this weekend.
