a new capitalism

Two leading international organizations have backed the idea of reforming the world's financial system to prevent another credit crisis. The Group of Eight major industrial countries — the U.S., Britain, Japan, Russia, Germany, France, Italy and Canada — said Wednesday that it will hold a global summit "in the near future" to discuss ways to "remedy deficiencies exposed by the current crisis." A G8 statement provided no details, but French President Nicolas Sarkozy said all 27 European Union (EU) countries supported the idea, and backed restructuring institutions like the International Monetary Fund and the World Bank. Speaking in Brussels, where the EU met to endorse the $2.7-trillion bank support plan some of its leaders agreed to over the weekend, Sarkozy said the G8 meeting should produce "a new capitalism."

i really hope this turns out right..first time post.




anyways, this seems like a next step on the plan of globlization.

but i will let you read to tell me if i am just paranoid.

link

[edit on 17-10-2008 by spuzman]