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Inside Story - Sarkozy's new financial world order - Oct 22 - Part 2

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Uploaded by on Oct 23, 2008

icolas Sarkozy, the French president, who currently holds the rotating post of EU president, is spearheading efforts to formulate a new financial world order to prevent a reoccurence of the current global financial crisis.


Sarkozy has outlined the EU's response to the stock market vacillations and bank collapses, calling for the implementation of a global system of regulation and a ban on banks with state money working through tax havens.

Next week, Sarkozy is due to visit Beijing and is expected to call on both China and India to join in efforts to work towards resolving and preventing more financial market turmoil.

Sarkozy and Jose Manuel Barroso, the European Commission president, said they would use an Asia-Europe Meeting (ASEM) to urge the two fast-growing export countries to join in taking responsibility for stabilising the world economy in the wake of the credit crisis.

At this point, China and India are reluctant as they cannot see many incentives to induce them to do so.

In this edition of Inside Story Erik Berglof, the chief economist and special adviser to the president at the European Bank for Reconstruction and Development; Iain Begg, a professor at the European Institute, London School of Economics; and Mohan Guruswamy, the chairman and founder of the Centre for Policy Alternatives will join the presenter Sohail Rahman.

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  • So the fear of economic collapse is now being used to create a one world finacial system.Hmmm....and who do we suppose will be in control of all this.Oh I see..The same people who created it.

  • Sociopathy is an antisocial personality disorder(s)caused by society.

    1. Failure to conform to social norms with respect to lawful behaviors

    2. Deceitfulness, as indicated by repeatedly lying

    3. Impulsivity or failure to plan ahead

    4. Irritability and aggressiveness, as indicated by repeated physical fights

    5. Reckless disregard for safety of self or others

    6. repeated failure to sustain consistent work behavior or honor financial obligations

    7. Lack of remorse

    Study psychology, learn Sociopathy

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All Comments (18)

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  • Oh my Muslims Sisters in France! Use "Surgical Mask" instead of veil (Hijab) if you are forced to not to use veil; and thus punch on SARKOZI's Evil Face.

    Hey Sarkozy! You share your woman to others, but we Muslims don't. Understand?

  • emmanouil1980,

    Now I'll describe to you a primary trait symptom of a Sociopath.

    They want power, it's their throne. They want others to pay homage to them, to obey them, to worship them. They are right we are wrong.

    This Socio problem is happening within CEO positions, leadership candidates, Roman Catholic Church, CIA, workers union representatives, police chiefs, etc..Where there is a throne potential Sociopaths will reach out for them. It's an instinct of theirs to grab onto power.

  • captiveRiticuli,

    Hardly blame those who are indifferent from the normal? Sociopaths are cold hearted calculators. They will destroy everything around themselves for their own piece of pie. They will not, repeat, will not help anyone if it interferes with their objectives.

    Your undoing is costing your own insanity. Think back, every time you had built a block for yourself who was it that tore that block away from you afterwards?

  • Thanx for the comments here, but sociopathy is breed out of a false ideal and a false doctrine. You can hardly blame those who are indifferant from you, either a maniac on the road or a cold calculated Ceo. Its the times we are living in, and hardly any of all this makes any sense.

    Im almost insane at the cost of my own undoing , trying to fathom why i am in the midst of this chaotic planet in fear of its own future.

  • Now read again what you describe as a Sociopath..

    what i describe as a Sociopath..

    And then read some psychology..

    Who we have to blame? The ones holding the money (ex. Bank) or a worker who becomes crazy because he hasn't got money to raise his children?

    NOW I HAVE TO RATE!

  • emmanouil1980,

    First, the negative comment rating that I received I suspect was from you.

    You don't have to explain to me on what Sociopath/Psychopathy is. I understand this "man made" Manifested disorder very well.

  • it's spelt beginning :P

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