Germany and Britain called on Friday for a global economic watchdog with strengthened powers to prevent rather than react to financial crises that can spiral into worldwide recession.Cooperation amongst international financial institutions has failed to ward off the worst financial crisis in decades and a new charter should be forged, German Chancellor Angela Merkel told the World Economic Forum in this Swiss ski resort.
"This may even lead to a U.N. Economic Council, just as the Security Council was created after the Second World War," she said.
Will Russia and China get a veto?
Germany, UK urge global economic overseer [Reuters]
Posted by guest , Jan 30, 2009 4:52PM
End times.
-Eleventh Chapter
Posted by redpandot , Jan 30, 2009 4:52PM
all yur bases belong to us
Posted by guest , Jan 30, 2009 4:53PM
End times.
-Eleventh chapter
Posted by guest , Jan 30, 2009 4:55PM
is this hope and change?
Posted by Anal_yst , Jan 30, 2009 4:55PM
Great tag, EP
Posted by guest , Jan 30, 2009 4:59PM
Blast! A double post! Me -> Chump.
-Eleventh chapter
Posted by guest , Jan 30, 2009 5:01PM
Yo Dealbreaker finance dudes - maybe you should be a little less superficial lest you wind up marrying this:
http://gawker.com/5141956/dawn-spinner-davis-daba-girl-and-sad-symbol-of-our-times
though maybe even when times are bad you like being with soulless golddiggers!
Posted by guest , Jan 30, 2009 5:24PM
WW3 is on its way.
It always starts with a bad economy. That leads to social unrest and ultimately political upheaval.
Springtime 2010, mark my words. The Huns will roll into Poland. When times are good we all get along. When it gets bad our true nature is exposed.
A good war will help get the economy on track and by 2012 if we are still alive I say the DJI market has a good chance of being at 12,000.
Posted by Lowly Assistant , Jan 30, 2009 5:31PM
Yeah, because the U.N. is known for its productivity, while flexing an uncanny ability to thwart all problematic issues.
Posted by guest , Jan 30, 2009 5:38PM
http://en.wikipedia.org/wiki/The_Government_Inspector
Posted by guest , Jan 30, 2009 10:16PM
This is more exciting than monitoring Maria Bartiromo's supposed-collagen injections (those lips can't be natural)
Posted by guest , Jan 31, 2009 6:50PM
Oh well, Ali, Ben @ Hank were not enough to slam the car against the wall now we need United Slammers...Perhaps Gordon Brown would qualify as the new FUN (Financial United Nations) Secretary General with his ineptitude he would certainly qualify.
Posted by guest , Jan 31, 2009 6:52PM
@ 8 Well observed, every 33 years war in the first quartile...worked at least since 1861.