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[Lynn Wigglesworth <lynnw1366 AT hotmail.com>]

Global economy is so far over my head...is this a good thing or a bad 
thing? I tend not to like 'globalization' of anything, but what do I know?

Lynn Wigglesworth

bob ford wrote:
>  The first paragraph is possibly ominous, depending upon a person's 
> interpretation ....bobford
> ------------------------------------------------------------------------
> 
> 
> UPDATE:Italy PM: Global Rewrite Of Financial Rules Being Mulled
> 
> 
> 
> (Recasts, adds details, background.) 
> 
> ROME -(Dow Jones)- Italian Premier Silvio Berlusconi Friday said world 
> leaders were mulling to rewrite global financial rules to stem the 
> spreading financial market crisis.
> 
> Berlusconi told a press conference that leaders were considering to suspend 
> global markets as they rewrite the rules, but later backtracked and said it 
> was simply rumors.
> 
> "There are several options, but I think the will to rewrite international 
> financial rules is quite advanced and shared," Berlusconi said when asked 
> what measures world leaders were discussing to tackle the crisis.
> 
> "There are discussions about a new Bretton Woods. There are discussions 
> about suspending markets for the time that is needed to rewrite the rules," 
> he added.
> 
> The Italian premier later told reporters that no leader had ever proposed 
> to close markets and that it was "just a rumor that's been circulating for 
> some time."
> 
> Top officials from the world's leading nations met at Bretton Woods, New 
> Hampshire, in 1944 to create a new international monetary system. Because 
> the United States at the time accounted for more than half of the world's 
> output and had most of the world's gold, the leaders decided to tie world 
> currencies to the dollar.
> 
> Finance ministers from the Group of Seven leading industrial nations 
> meeting in Washington D.C. Friday and this weekend must embrace a "concrete 
> plan" to support the financial system, a group of prominent economists said.
> 
> Berlusconi said the financial crisis needed a global response, adding 
> European Union leaders may meet in Paris Sunday and G8 leaders soon after 
> to discuss what can be done to stop it. 
> 
> -By Luca Di Leo, Dow Jones Newswires; +39 06 69766921; 
> luca.dileo AT dowjones.com
> 
> 
> 
>   (END) Dow Jones Newswires
>   10-10-081120ET
>   Copyright (c) 2008 Dow Jones & Company, Inc.
> 
> http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081010%5CACQDJON200810101120DOWJONESDJONLINE000654.htm&&mypage=newsheadlines&title=UPDATE:Italy%20PM:%20Global%20Rewrite%20Of%20Financial%20Rules%20Being%20Mulled
>  
> 
> 
> 
>       
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