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Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start - and no one seems to have noticed.
On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to "establish new international rules" and "reform the currency system." It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for "a grand bargain that rearranges the entire financial order."
The introduction of a two-tiered euro system is a big discussion topic among German and French cabinet officials, a senior European official told the Telegraph June 19.
The more stable northern countries, such as Germany, France, the Netherlands, Austria, Denmark and Finland, would form their own “super-euro” zone, in the ideas under discussion. The more indebted countries—Greece, Spain, Portugal, Italy and Ireland—would still keep the euro, but remain outside of the “super-euro” group.
“The philosophy is the stronger countries might need to move away from countries they can’t afford to bail out,” the official told the Telegraph. “As a way of containing the damage, they may have to do something dramatic, though obviously in the short term, implementation is difficult.
Above all, reform of the international monetary system (IMS) will be placed on top of G20 priorities. France regards this reform as "collective responses" to dysfunctions in international monetary relations against the backdrop of "the rise of large emerging markets," the Elysee Palace said in a press release.
"I will have the opportunity to meet with (Chinese) President Hu Jintao for the first seminar on reform of the international monetary system in China at the end of March," Sarkozy said.