(06/18/12) - It may be happening thousands of miles away, but many people here in Mid-Michigan and across the country are keeping a close eye on the G20 Summit – happening in Los Cabos, Mexico right now.
"It's a very ambitious agenda," said Jim Roberts, a research fellow at the conservative think-tank, The Heritage Foundation.
Roberts fellow formerly served as an economic diplomat to Western Europe and Latin America. He also attended the G20 Summit in Pittsburgh in 2009. Roberts thinks it'll be difficult for some of the most powerful world leaders to accomplish anything substantial at the Los Cabos summit. After all, it's only two days long.
"Unfortunately, the tendency has been for these G20 meetings to have each country that hosts have its own pet projects, and all that has to be followed up, and it all starts to bog down after a while," explained Roberts.
Roberts says important issues are being discussed, however. And he says Washington – and our local lawmakers -- should take notice.
"I think they should be watching, because the European mess is a place we don't want to go," said Roberts.
Roberts says it's in nobody's interest to have Europe spiral into an economic depression.
"Major U.S. corporations and companies – even mid-size companies – depend on Europe for a lot of their exports and business," he said.
Moral of the story – Roberts says people should be paying attention to the summit, but don't expect anything groundbreaking to come out of it.