http://www.weforum.org 29.01.2009
The Economic Governance of Europe
The 27 members of the European Union presented a united front on how the G20 should reshape global economic governance, but the p...
http://www.weforum.org 29.01.2009 The Economic Governance of Europe The 27 members of the European Union presented a united front on how the G20 should reshape global economic governance, but the policy approach on how to restore growth on the continent still varies widely among EU members.
How can economic governance at global, regional and national levels be improved in Europe?
•José Manuel Barroso, President, European Commission, Brussels •Fredrik Reinfeldt, Prime Minister of Sweden •Giulio Tremonti, Minister of Economy and Finance of Italy •Jean-Claude Trichet, President, European Central Bank, Frankfurt
Chaired by •Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank, Germany; Member of the Foundation Board of the World Economic Forum
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USA is taking the line of creating political, financial, social, & religious stunts that play a vital role in moving forward for its global destruction policies to carry out. US govt has slaved its own nation. Born free taxed to death. $ will not be the global currency any more as declared in G-20 meeting. Internationally global policies of politics & trade are quickly changing. If USA wants to keep standing where it was it will have to leave the war track & not violate global peace any more.
The idea of letting tax-papers pay for the toxic assets of the banks has never worked and will never work. Sweden "solved" its banking crisis by austerity measures, losing about 200,000 industrial jobs in the process (out of a total of about 1 million). Tremonti is right: We have to freeze and "sterilize" these speculative papers. No-one can pay more than 1 quadrillion dollars in outstanding derivates.
What the US government was just supposed to watch how its financial system disappears in an instance? If it fully collapsed the world would've been far far worse now. Past a certain point you have no choice but to bail out. Plus if it collapsed Chine would've lost 500b dollars.....don't think they woud've not responsed
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