Was the summit of the Group of 20 leading economies in Canada over the weekend a step forward towards co-operation or a step backwards towards disagreement? The answer seems to be both. The call for “growth-friendly fiscal consolidation plans” provides something for everybody. But it assumes what is to be proved: that rapid fiscal consolidation will now support growth, rather than undermine it.
上周末于加拿大舉行的20國集團(G20)峰會，是朝著合作還是朝著不合邁進了一步？答案似乎為：兩者皆是。有關“增長友好型財政整頓計劃”的呼吁，對所有人都具有一定意義。但它卻將一個有待證明的結論當成了理所當然的事實。這個結論是，迅速開展財政整頓如今將推動而非妨礙增長。
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