Can Trade Save Obama?
This essay was originally published on Foreign Policy. It can be read here in its original form. Europe's seemingly never-ending crisis is bound to hijack this week's G-20 Summit in Cannes, which begins on Thursday. As a source of global economic havoc, Europe's problems are the G-20's problems. That's just fine with many G-20 economies, as Europe's woes cast them as white knights capable of rescuing the Old Continent with their mass reserves -- and deflects attention from uncomfortable issues such as currency manipulation. But the crisis threatens to divert the G-20's attention from the day after -- and the urgent challenge of ensuring sustained global growth. And that still requires global rebalancing.