Little Chance of Progress in Pittsburgh G-20 Nations Divided over How to Fix World Economy

In the run-up to the G-20 summit in Pittsburgh, there are very few issues that all the participating nations agree on. Member states are divided over whether to limit bankers' bonuses and how to boost growth. But one thing is certain: A German proposal to tax financial transactions doesn't stand a chance of being approved.
Von Markus Dettmer, Christian Reiermann und Wolfgang Reuter
Protesters burn a placard during an anti-G-20 rally on Tuesday, Sept. 22, in Manila, Philippines.

Protesters burn a placard during an anti-G-20 rally on Tuesday, Sept. 22, in Manila, Philippines.

Foto: Pat Roque/ AP
Translated from the German by Jan Liebelt