Thursday, October 16, 2008

EU's leaders call for overhaul of the financial system.

The systemic failure of deregulation in the US financing and banking is triggering a world wide recession. No matter whom get elected in the upcoming US elections, he will have to listen and collaborate with Europe. The " Do it Alone " style of the Bush administration is effectively over. Sarkozy spoke today of a " new economic world order"

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