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According to the feedback meetings Bosan, Korea, where the G20 finance ministers gathered, discussions have been remarkably “candid”. In non-diplomatic terms, they do not agree on what should be do and decided to fight. This is good news.

The Europe and understandably, was on the defensive: its difficulties in terms of public debt and its inability to manage this crisis in the Euro were increased by the announcement clumsy but honest, the new Prime Minister of Hungary Viktor Orban, the fact that his country was in a situation comparable to Greece and was likely to be in default of its debt. If the Hungarian foreign debt is important, its budget deficit is 3.8%, which would be the envy of many European countries.

This defensive attitude was reflecting in a speech centered on the austerity. Faced with these lamentations European emerging markets and the U.S. held the language of growth. The United States announced a doubling of their exports in the next ten years, but French Prime Minister was delighted to have a weak Euro “as he always said.” The reality is different: we both use all means possible to relearn the growth and stop living beyond our means.

Countries representing half the population of the planet are likely to experience growth in 2010 approaching 10% and Europe 1%. This difference has no meaning. Europe should have at least a portion of this growth. However, this implies two revolutions.

The first is in the minds of business: my business was bringing me to meet with European business leaders and U.S. and spoke about the opportunities in those countries where the majority of our activities are spread, in any case I can testify to a fundamental difference. Where the Americans posed a single question: how?, Europeans still often wonder why? Too focused on the European market, they have only limited ambitions in emerging markets. Yet it is this ability to benefit from growth in emerging Europe, Asia, Latin America, and, increasingly, Africa, the future of European business is located. There is no reason that European companies do not.

The second will be howling. It is the use of growth: it can be buried in increased social benefits. The demands for higher wages, pensions, and benefits increased health care and unemployment benefits can not be met. As for the issue of retirement age, it shames has its defenders: it does not take into account demographic evolutions. The first austerity measures were taking these benefits in Greece. The rest of Europe will follow. Moreover, we have no divine right to a purchasing power several times higher for emerging countries. We go to a race inevitable worldwide. This implies a rapid rise in living standards of emerging countries and a moderation of industrialized countries.

Europe will avoid becoming a museum populated with right-it could no longer fund it if it learns growth. The debate G20 is a false debate. We must grow together and stop living beyond our means. This is not an alternative. We need growth to reduce our deficits and austerity measures to continue our growth.

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