Local expert at G-20 summit describes "tense" mood

570 News

November 2, 2011

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An international economy expert at a Waterloo-based think-tank, in France for the G-20 summit, says it's unfortunate that the conference, which gets underway tomorrow, is being upstaged by financial instability in Greece.  

Daniel Schwanen, a senior fellow at the Centre for International Governance Innovation in Waterloo, says the mood in Cannes is tense, following a meeting between the French finance minister and European bank leaders this morning.  He says they were mapping out a strategy in the event that the Greek bailout deal, reached less than a week ago, is defeated by voters in Greece in a referendum.

Schwanen …

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