Sunday, November 16, 2008

globeandmail.com: Leaders gird for battle over global financial crisis

'We want to change the rules of the game in the financial world,' French President Nicolas Sarkozy vowed as the Group of 20 industrialized and emerging economies began its two-day summit with dinner at the White House.
'There is a need for urgency,' added British Prime Minister Gordon Brown, who is calling for a 'college of supervisors' to oversee the world's 30 largest banks.
The summit was optimistically conceived as a latter-day Bretton Woods, the 1944 wartime gathering of dozens of countries that produced much of the architecture of the modern financial system.