An accord among the most important deficit and surplus nations would be a first step to reordering a global economy that for too long relied on the rampant debt-financed consumption by Americans.
Suppose that, for once, civil servants didn't try to paper over the real differences among the participants and instead substituted brutal frankness for the usual euphemisms. If they did, this is what the final G-20 communiqué might look like
In a close-knit world, pressuring Beijing could have unintended consequences for the USA. Unless a new order is negotiated, the world will risk entering a frightful period with damaging political and economic turmoil...