G20 summit opens in Mexico

(Vatican Radio) The G20 (group of 20 world economic powers) which is meeting in Mexico Sunday and Monday, has critical issues to discuss, but the timing of the meeting offers a multitude of legitimate distractrions. James Blears reports:
The real question is what if anything can be achieved with this G20 round in Mexico? The US Presidential Election is looming and its Finance Secretary is a no show. Same goes for France's Finance Minister, the Head of the European Central Bank, and probably anyone significant presence from China, as this date clashes with the Communist Party Congress.
Yet the Greece crisis is ever present, and the International Monetary Fund is pressuring Europe to take measures to reduce the vast a spiralling debt of that country.
Concerned eyes are also focused on Spain, as to whether it'll self administer bitter economic medicine, or seek a gigantic bailout, which would then emit further shock waves of instability.
The United States has to bite its own bullet concerning 600 billion dollars of spending cuts, but impressing the urgency of that in the middle of a Presidential Election, is a currently a lost cause.
The linking of economies isn't mirrored by the matching of political systems, and everyone has their own priorities, which don't include G20 at this time.