Response to 'G7 set sights on new world economic order'

Letter to Editor

Dateline Sunday, February 15, 2009, 11:30 AM

The news media is awash with Agence France-Presse February 14 2009 report “G7 sets sights on 'new world economic order”, which stated:

'ROME (AFP) – The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession. Italy's Finance Minister called for a "new world economic order" as he wrapped up the crisis meeting of finance leaders from the Group of Seven leading economies over which he presided here. In a joint declaration, the G7 called for "urgent reforms" of the international financial system. ... "A new world economic order might seem rhetorical," he told reporters. "But it is a true goal we should be aiming towards... today right here in Rome we've embarked on a very significant journey, both technical and ethical." ...

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