France has threatened to walk out of the G20 summit in London if agreement is not reached on the important issues. Bravo!
But wait. What does France want agreement on?
"I am absolutely determined, and President Sarkozy has said it loud and clear, that we actually eradicate non-cooperative centres and tax havens," [finance minister Christine Lagarde] said.
"I know that Chancellor Merkel is very much on that line, I know that Gordon Brown has said that old tax havens have nothing to do with this new world.
"Well, we need to deliver on that and we need to be extremely united and strong."
Now can someone explain to me what offshore tax havens and financial centers have to do with our current mess?
I suppose some would say this is a tactic to divert attention from all the other important issues on which there will definitely not be an agreement on. If they can at least agree to put the blame on offshore havens who, after all, will not be sitting around the table, France and the others can walk away claiming victory. Will the media really be taken in?