ECB’s Asmussen warns G-20 works poorly until disaster looms


The Group of 20 (G-20) suffers from governance problems that have grown more acute as the memory of the financial crisis fades, Jörg Asmussen, a member of the executive board of the European Central Bank (ECB) said today.

Speaking at the Hertie School of Governance in Berlin, Asmussen said the G-20 had had a promising start, but had lost momentum after the financial crisis "due to a waning sense of urgency". He said the group was weakened by its lack of clear leadership, inefficiency, poor

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