Leaders to rethink global finance…
President George W. Bush has invited world leaders to gather in the US by the end of the year to discuss reform of the global financial system… But the agenda is unclear and differences are already emerging:
Mr Bush said, “Any plan must not undermine free markets”.
Mr Sarkozy said "hateful practices" must be abandoned.
“We cannot continue along the same lines because the same problems will trigger the same disasters” said Mr. Sarkozy.
New order!
(Is Socio-capitalism, a new order? “PANAMERSA’s thesis” )
The crisis could offer a "great opportunity" to build the capitalism of the future and leave behind the "hateful practices" of the past.
The hedge funds; tax havens and financial institutions operating without supervision should all be re-thought.
"This is no longer acceptable. This sort of capitalism is a betrayal of the sort of capitalism we believe in" said President Sarkozy.
"We need a new global financial order," the French leader warned the world could not "continue to run the economy of the 21st Century with instruments of the economy of the 20th Century".
Details of the summits are still to be worked out, but White House spokesman Tony Fratto said the first was likely to be held in November.
He added that Mr. Sarkozy had recommended New York as a location. UN Secretary General Ban Ki-moon has proposed using the organization’s headquarters there as a venue.
Grupo PANAMERSA
- PAN NEWS Network -
Mr Bush said, “Any plan must not undermine free markets”.
Mr Sarkozy said "hateful practices" must be abandoned.
“We cannot continue along the same lines because the same problems will trigger the same disasters” said Mr. Sarkozy.
New order!
(Is Socio-capitalism, a new order? “PANAMERSA’s thesis” )
The crisis could offer a "great opportunity" to build the capitalism of the future and leave behind the "hateful practices" of the past.
The hedge funds; tax havens and financial institutions operating without supervision should all be re-thought.
"This is no longer acceptable. This sort of capitalism is a betrayal of the sort of capitalism we believe in" said President Sarkozy.
"We need a new global financial order," the French leader warned the world could not "continue to run the economy of the 21st Century with instruments of the economy of the 20th Century".
Details of the summits are still to be worked out, but White House spokesman Tony Fratto said the first was likely to be held in November.
He added that Mr. Sarkozy had recommended New York as a location. UN Secretary General Ban Ki-moon has proposed using the organization’s headquarters there as a venue.
Grupo PANAMERSA
- PAN NEWS Network -
posted by Panamersa at
1:29 PM
