UN General Assembly president calls G-20 a failure

President Miguel d’Escoto Brockmann of the UN General Assembly has said that the G-20 meeting just convened was a failure and did not do enough to address the economic problems created by a crisis worse than the Great Depression.(1) He is calling for the greatest meeting of the UN in its history to deal with the crisis, June 1-3.

We have to agree that the G20 agreement was too small for what is happening.

We are long past due for hearing from more Third World economists on how to improve the international financial system. The UN meeting will touch on the dollar and whether a different currency can take over its role.(2)

The economic crisis has opened up the brains of youth and government and corporate leaders globally.


Notes:

1. http://news.xinhuanet.com/english/2009-04/16/content_11191814.htm
2. http://www.reuters.com/article/usDollarRpt/idUSN1443904220090414

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