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Global Crisis Summit: A New Bretton Woods?

Oct 24th, 2008 | By Jason Simpkins | Category: Politics & Economics

Will November’s emergency global financial summit result in a “new global financial order”? European leaders are pressing for a fundamental change in the US-centric monetary system. Jason Simpkins says a similar crisis meeting in 1944 gave birth to the Bretton Woods gold standard. But there are reasons to doubt such a major reform this time around.

Tags: Bretton Woods, European Leaders, Financial Summit, Fitch Ratings, Free Market Capitalism, French President Nicolas, George W Bush, Global Financial System, Jason Simpkins, Jose Manuel Barroso, Nicolas Sarkozy, Private Equity Firms, S Corp, tax havens
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