Going back a few years, we had the G-20 in Canada, as you know. Out of that came what the G-20 people refer to as the Toronto commitments, which were two important commitments. One was to reduce deficits by half by 2013, and the other was to move toward balanced budgets by 2016. Some countries are moving in that direction, and some are lagging a bit.
One of the big challenges we have in the framework group, which as you said is co-chaired by Canada and by India—and we've been asked to continue co-chairing it by the G-20 presidency for next year, which is Russia—is an accountability mechanism. What we've been working on—which I recommended to the other members of the G-20 on the weekend, and they accepted it, and it's in the communiqué—is that we will have a set of accountability measures so we can look at what countries are doing and how well they are complying with those commitments.
The whole idea is that the G-20 represents most of the large economies in the world and that we will move together toward more fiscally responsible government. That's important so that we avoid some of the very difficult situations we have seen in some of the southern European countries.