UN calls for 'deep and systemic' reforms of global fin system

United Nations chief Ban Ki-moon has called for "deep and systemic" reforms based on inclusive multilateralism for a global financial system that can better meet the challenges of the 21st century. The ad hoc manner in which the governments have responded to the management of current crisis, Ban said, is reflective of serious lacunae in the existing world financial system.

No Bretton Woods III

There cannot be a Bretton Woods III.

It would be great idea if three currency blocs - dollar bloc, the Euro zone and the Third World currency bloc. Let the user decide which currency he believes in - and has a future.

Announcement

The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping - and unprepared. But, not 2ndlook - who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.