Is there really something wrong with the financial and banking system today? Going into recession, it is apparent that most countries have been exhausting all means to be able to try and cope up with the impending crisis. However, the fact remains, is the financial system really to blame?

Perhaps it would be best to take them one by one. Each nation has its own policy as far as managing finances and funds of their respective economies. However, though one system may change from the others, it is obvious that general cooperation and agreements can be the only thing that can save the world from potent recession and economic breakdown. So who is to blame?

Trade barriers have been up in most countries and for the next 12 months at the least, these will be torn down. The decision is aimed at strengthening the weakening economy and hopefully it can help the global crisis where financial bailout plans and interest rate slashes have obviously done nothing to change the whole thing.

Will the trade barriers agreed upon by the meeting at the G20 summit of the world leaders make a difference? Keep your fingers crossed. After this, a lot of other issues have to be tackled since a lot are still critically unsolved.

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