The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Ottawa summit ponders ripple effect


Paul Martin

Paul Martin, Canada's finance minister and chairman of the G-20, won his bet that he could safely host simultaneous meetings of G-20 finance ministers and central bank governors, the International Monetary and Financial Committee of the IMF and the World Bank's development committee in Ottawa.

There were at any time a 100 or more riot police visible between the Edwardian Fairmont Chateau Laurier, built by a hotel magnate who drowned in the Titanic, and a government conference centre that was formerly Ottawa's central rail terminal. There were government snipers peeking from its rooftop.

Ultimately little happened outside. A water cannon was fired. A reporter was bit in the leg by a police dog. A few dozen arrests were made.

Martin sought to make his case that the machinery of international financial institutions was working once more. Or as he put it: "It is very important that the world not only get back to business but it demonstrates unequivocally that it is back in business and that the terrorists are not going to bring things to a halt."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree