Publication

This paper examines the consequences of the G20 summit in Cannes. The summit represented an identity crisis for the self-declared principal forum for global economic coordination. This crisis is the product of the risk of political default by supposedly leading economic powers. A collective assumption of responsibility by G20 stakeholders – notably key EU Member States via the Eurozone, the US and China – is a necessity if the G20 is to find a new sense of direction, and to avert the risk of a double-dip global recession.