- Says G20 risks losing relevance unless members keep commitments on deficits, bank reform.
- Says Europe has made progress on resolving crisis.
- Canada will urge G20 to create accountability mechanism to pressure countries to keep commitments.
- Says G20 may give U.S. more time to meet target of halving deficit, but must aim for that goal in medium term.
The U.S. ‘fiscal cliff’ seems to be on everyones mind these days.
