The G-20 continues to fade as a serious arm of global governance: Tim Geithner says he won’t be attending the next meeting, the WSJ reports:
The U.S. Treasury secretary Tim Geithner will skip a meeting of the world’s top finance officials in Mexico City next week, according to Treasury Department plans released Monday. One of his top deputies, Under Secretary for International Affairs Lael Brainard, will take his place at the Group of 20 meeting of finance ministers and central bank governors on Nov. 4-5, Treasury said in a statement.
Given the importance of the economy in the U.S. election, if the G-20 were anything but a talking shop the Treasury Secretary would be there with as big a press following as he could round up.
But nothing that affects U.S. interests in a serious way will be done there, so why not pass?