Pages

January 11, 2009

Needed - a new Bretton Woods

While plenty of other liberal bloggers have picked up on the top half of a great John Judis article, what caught me was the bottom half.

Judis says that addressing the post-Bretton Woods system of currency manipulation, by Japan then China above all, may be a key part of getting out of the current global economic straits.

Well, don't expect Beijing to call such a conference, and it's doubtful Tokyo will.

I'll take Judis' ball a bit further down the road and argue that the European Union could flex some financial muscle by beating Obama to the punch on calling just such an international finance meeting.

No comments:

Post a Comment

Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.