From the FT this morning:
French officials say the strongest message that should come out of the Washington meeting on November 15 would be a broad commitment from the US, the UK and other European countries to abandon competition between regulatory systems in favour of convergence. But they acknowledge this is unlikely.
Surely Brown has learned by now that light touch = Washington consensus = failure and that convergence = Keynesian = stability = sustainable growth?
Or am I asking to much?