20 nations push for 20 differing agendas

The G-20 meeting is finding it increasingly difficult to come up with a universal solution to reform the financial sector, and to agree on how to prioritize issues they must deal with. National interests are often poles apart,

Strategy and Finance Minister Yoon Jeung-hyun makes a face during a news conference at the end of the G-20 finance ministers and central bank governors’ meeting in Busan, Saturday. Yoon hosted the event as a precursor to the Toronto summit later this month and the summit to be held in Seoul in November. Yoon found his job tough, saying that each member economy is competing for its own interest. / Korea Times photo by Shim Hyun-chul

and it is becoming a daunting task for the representatives to meet the deadline by November's Seoul summit. 

"Each country has its own issues. There is no secret about it," said George Osborne, U.K. chancellor of the exchequer said during his press conference at the G-20 meeting in Busan, Saturday. 

For Britain and some other G-20 European members, it is the problem of their respective national debt that they want to tackle first. 
The United States aims to use the G-20 to fix its finance industry, while the objective of Canada is to keep its finance industry intact. South Korea and other emerging nations are using the gathering in Busan as an opportunity to increase their roles on the global economic and political stage. China and Japan are keeping others guessing on their priorities. 

In that respect, there is a possibility that the outcome of the Busan ministerial meeting will be mired in futility amid conflicting interests despite a collective effort. The series of meetings is inundated with ever-increasing, wide-ranging, equally pressing topics that only a few that will actually get addressed.