EU, US call for a global summit to reshape banking
BRUSSELS, Belgium - The Group of Eight major industrial nations announced Wednesday they will hold a global summit — perhaps as early as November in New York — to forge common action to prevent another economic meltdown.
French President Nicolas Sarkozy said all European Union nations backed radical restructuring of global institutions like the International Monetary Fund and World Bank. He called for a meeting "preferably in New York, where everything started" and said it should lead to "a new capitalism."
"I believe there is scope for agreement in the next few days that we will have an international meeting to take common action ... for very large and very radical changes," [UK; Gordon] Brown told reporters before meeting for talks on the financial crisis with other EU leaders, who on Wednesday endorsed a $2.3 trillion continentwide emergency bailout for the banking sector.
"This fundamental reform can't stop at Europe. The economy is global; no country can protect itself alone," he said. He demanded that new global rules cover all financial institutions — including hedge funds.
German Chancellor Angela Merkel said the G-8 — the United States, Japan, Germany, France, Britain, Italy, Canada and Russia — and emerging economies had to make decisions "so that something like this can never happen again."
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re: "This fundamental reform can't stop at Europe"
BRUSSELS, Belgium - The Group of Eight major industrial nations announced Wednesday they will hold a global summit — perhaps as early as November in New York — to forge common action to prevent another economic meltdown.
French President Nicolas Sarkozy said all European Union nations backed radical restructuring of global institutions like the International Monetary Fund and World Bank. He called for a meeting "preferably in New York, where everything started" and said it should lead to "a new capitalism."
"I believe there is scope for agreement in the next few days that we will have an international meeting to take common action ... for very large and very radical changes," [UK; Gordon] Brown told reporters before meeting for talks on the financial crisis with other EU leaders, who on Wednesday endorsed a $2.3 trillion continentwide emergency bailout for the banking sector.
"This fundamental reform can't stop at Europe. The economy is global; no country can protect itself alone," he said. He demanded that new global rules cover all financial institutions — including hedge funds.
German Chancellor Angela Merkel said the G-8 — the United States, Japan, Germany, France, Britain, Italy, Canada and Russia — and emerging economies had to make decisions "so that something like this can never happen again."
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re: "This fundamental reform can't stop at Europe"
And...as this article shows, there is no intention whatsoever by the global conspirators who have orchestrated the worldwide financial chaos to stop anything. No, the meeting between the newly merged "Eurozone " and the rest of the G8 is already scheduled, exactly as written in The Global Script . The pace is being quickened dramatically so that it's all done before anybody can scratch their head and figure out what's really happening. According to Gordon Brown there is "scope for agreement...for very large and radical changes".
These are truly 'earth-shaking' events transpiring at the global level and the now being dissolved United States of America is fully complicit in the conspiracy. The full and final global economic consolidation is certain, regardless of how things are made to appear from this point forward. It's just that simple. And as for those promised large and radical changes, they are already happening in every city and community across all Europe and America, but they are about to become obvious and permanent. Believe it or not. Rev. 18:4
What radical changes?...compare, follow interconnected links: Blair Calls For Worldwide 'Radical Transformative Change'
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