The Trillion Dollar Man?
Will Gordon Brown be the trillion dollar man? He certainly hopes so.
Long before this G20 summit began, he and Barack Obama lost the argument about the need for world leaders to commit to spend - and, if necessary, to borrow - more to fund another fiscal stimulus.
However, the prime minister hopes to be able to announce a package of other measures - trade finance, IMF loans and increased liquidity - which adds up to a nice fat sum big enough to appeal to headline writers and, they hope, to boost the confidence of the financial markets and consumers around the world.
Already, the sums being talked of are:
• Increased IMF funds - $500bn
• Increased IMF Special Drawing Rights - $250bn
• New Trade Finance package - more than $200bn
Only $50bn needed to reach the magic figure of a trillion. Not much between G20 friends. Is it?
Update 14:23: He's done it.
Gordon Brown has got his trillion.
Remember, of course, that this is not a trillion dollars spent now. It is a pledge to make funds available up to that level if countries can convince international institutions that they have met the necessary criteria.
It has nothing to do with the argument about whether our government, or indeed, any other should spend or borrow more.