Monday 6 April 2009

Was it one trillion dollars? Or less than 100 billion?

Financial Times
"When all the sums are added together, rather than $1,100bn, the new commitments appear to be below $100bn and most of those were in train without the G20 summit. ....The vast majority is an “aspiration”. The G20 annexe notes that new money committed is not $250, but around $3bn-4bn."
---------------
Gordon Brown’s love of (arbitrary) big numbers (FT)

No comments: