All eyes are on London this week as leaders from the world's leading economies gather to find a way out of the growing financial crisis. But tensions are growing between the US, Europe and China, and a common course has so far proven elusive.
It is an important test for the new US president. During his campaign, Barack Obama promised fundamental change, pledged to steer a determined course in combating the global economic crisis and said he would seek greater international cooperation. It was, he said, to be a "New Deal."
At issue is the steepest economic downturn in decades, and everyone is waiting to see what the new man in Washington will do. Will he be responsive to the Europeans' insistence on a new global financial order? Or will he focus instead on stimulating growth in his own country?
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