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Martin Summers, the Former East European projects officer for the New Economics Foundation talks about present day money matters as we slide down a slippery sope.
| UK's Brown to push for new financial system (CNN) LONDON, England (AP) -- Britain's Prime Minister Gordon Brown will push for a new international financial system that updates the Bretton Woods agreement in a speech to be delivered Monday evening. |
| France, Australia ministers in talks on financial crisis (AFP via Yahoo! News) France and Australia are working together to help calm the global financial crisis and push for reforms to prevent a recurrence, French state secretary for overseas affairs Yves Jego said Monday. |
| At Brazil Conference, G-20 Urges Swifter Action on Financial Crisis (Washington Post) SAO PAULO, Brazil, Nov. 9 -- Financial leaders from 20 of the world's largest economies delivered a message Sunday that governments need to act faster and be ready to cut interest rates or increase spending in order to fortify ailing world markets. |
| Financial crisis paves way for new multilateralism: Brown (AFP via Yahoo! News) Prime Minister Gordon Brown said Monday the credit crisis had created a "moment of change" that allowed world powers to rebuild the financial system but also to refashion the way they work together. |
| For Italy and Spain, financial discipline pays off (Los Angeles Times) There have been no major bank failures or rushed bank rescues south of the Alps or the Pyrenees. Analysts credit the prudence of institutions and individuals. Months before the global financial meltdown this fall, the talk in the boisterous cafes of Rome and Madrid had turned from sports and politics to economic woes. |
