All the G-20 Produced Was More Uncertainty

THE GROUP OF 20 summit in the French Mediterranean resort of Cannes has ended amid continued uncertainty over Europe’s financial crisis — and hand-wringing in some quarters about the United States’ supposed inability to influence the situation. With debt problems of its own, the story goes, the United States can do little but stand by and sweat as Europe’s woes threaten U.S. prosperity. Only cash-rich China is in a position to aid Europe — and exploit the situation for its own advantage.