Here's what to watch out for from the G-20!

The G-20 summit happens today under the cloud of the Greek crisis. Leaders are expected to discuss the issue in detail. Shereen Bhan of CNBC-TV18 is out there and reports from Cannes that mood is as wet and gloomy as the climate. She says that George Papandreou and the call for a referendum in Greece has completely hijacked the G-20 summit.

George Papandreou himself faces an uncertain future as he readies for his vote of confidence in the Greek Parliament and that has shaded the possibility of the proposed referendum on December 4, 2011.  
Outside of that, France has proposed several initiatives as part of the G-20 Summit, including a financial transaction tax to help development financing, Bhan says. In order to achieve development goals, taxation on things like tobacco and missions from the aviation and shipping sectors too have been suggested. Besides that, France has yet again made it very clear that it is taking forward the mandate that was passed in Seoul that foreign exchange inflexibility on parts of countries like China need to be dealt with and tackled by the G-20. France believed that an inflexible exchange rate regime penalizes global economy.  
So will the G-20 in its final communiqu