Posted: Saturday, October 18, 2008 by
Feroz Ahmed Bawany
EU leaders used the Brussels gathering to call for a ‘Breton Woods II' summit of (G8) countries to redesign the world's financial architecture. Gordon Brown, Britain's prime minister, said the world should turn the financial crisis into an opportunity and reform global institutions such as the International Monetary Fund, conceived in 1944 when western leaders met in Breton Woods, New Hampshire, and mapped out a post-war financial order.
News and Society / International