For further information see this thread: China wants a new currency standard. http://groups.google.com/group/world-thread/browse_thread/thread/487d6e3642b9b006?hl=en#
My comment: Things are moving ahead. We will hear a lot about banking and financial issues, nothing about monetary issues. The monetary issues are the best hidden secrets in the world as trillions are to make or to lose. But things are moving ahead. EU Presses for Revamp of Bretton Woods Global Financial System http://www.bloomberg.com/apps/news?pid=20601087&sid=aJa1elVRv1tY&refer=home Oct. 15 (Bloomberg) -- European Union leaders pressed for an overhaul of the global financial system to prevent a repeat of the credit crunch that sparked the biggest stock-market selloff since the Great Depression. EU leaders called for a global summit as soon as next month to rewrite the 1944 Bretton Woods accord that paved the way for Europe's post- World War II reconstruction and set up the institutions that oversee the world economy today. ``We had the emerging market crisis, we had the Internet bubble, now we have this massive crisis,'' French President Nicolas Sarkozy told reporters after chairing the first session of an EU summit tonight in Brussels. Europe is united in calling for the ``re-foundation of the international financial system.'' While stressing a global approach, European governments are split over how to go about it, with leading countries -- including Britain -- traditionally opposed to handing over business regulation to outside authorities. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
