European Chiefs Propose Global Rules

Curt Here...

The article posted below details that the European leaders are proposing for the April G-20 economic summit, new global economic rules. They are also seeking a common European position to present at this summit.

Why are the Europeans pushing this so actively? I think this statement in the article sums it very nicely when it says " Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy. " I see the US as wary of giving away powers of oversight and regulation," said Robert Brusca of Fact And Opinion Economics in New York."

It is very clear what is going on and I have been saying this for awhile. The Europeans are seeking to politically profit from this economic crisis. It is a economic power grab plan and simple.

I also find it very interesting that 7 out of the 8 countries that are pushing for these new global economic rules are from the WEU. The 8th country is the Cech Republic and the only reason they are listed is because they hold the current EU presidency, but I can guarantee you they wouldn't be listed if they didn't hold this current position of power.

IMHO opinion this is a very important article and gives us a snapshot into what is going on in the push for a one world currency and a new global world order.

Stay Tuned.

Curt


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European chiefs propose global rules

European leaders mounted a united front against the global financial crisis yesterday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along.

Heads of government and finance ministers from Europe's largest economies joined German Chancellor Angela Merkel in Berlin to lay the groundwork for a common European position on economic reforms before an April 2 summit of the Group of 20 nations in London.

"Europe will own up to its responsibility in the world," Merkel said.

Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on tax havens, caps for managers' bonus payments and a stronger role and increased funding for the International Monetary Fund.

While the plans were based on an agenda adopted by the G-20 in November, the measures announced yesterday were more far-reaching and concrete, particularly on long-disputed issues such as hedge fund regulation....

....Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy.

"I see the US as wary of giving away powers of oversight and regulation," said Robert Brusca of Fact And Opinion Economics in New York.

For more click the link...http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10558318