May 2010: When troubles come

When troubles come, they come not in single spies, but in battalions. Georges Papandreou, the Greek prime minister, might be forgiven for quoting Shakespeare
as he surveys his tide of problems. At OMFIF, we are lifting our eyes beyond the Greek ferment to take a wider look at the world, on the special occasion of the Inaugural Meeting in Asia at Bank Negara Malaysia. Stewart Fleming surveys the challenges facing the Group of Twenty and concludes that the organisation and the reforms it is meant to espouse are running into the buffers. Songzuo Xiang sets down an unusually detailed and well thought out road-map for renminbi internationalisation, including the proposal that foreign governments such as the US should start borrowing in the Chinese currency.

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