CITY VIEWS: CAN THE G20 SUMMIT ACHIEVE ANYTHING CONCRETE?
MICHAEL SAMUELS LLOYD’S
“Previous G20 summits have led to change but it will take the leading economies of the G7 to act and the others will follow. Gordon Brown wants changes to bonuses so let’s see if he can manage to get agreement on it. Sometimes it feels like a lot of hot air.”
KATIE MAYCOCK WILLIS
“Politicians are well-versed in economics but not necessarily in real life. The markets will sort themselves out, it’s just part of a cycle we’ve seen before. To be honest, I didn’t know that the summit was happening, which speaks to its relevance.”
KEITH LENAGHAN NORLAND MANAGED SERVICES
“There’s no joined-up thinking about where we go from here. They’ve released cash into the system but there’s no substance behind that. The industry is getting back to business as usual. Bonuses have been reinstated and I can’t see any agreement on that.”