Wednesday, October 15, 2008

BRETTON WOODS: 1945-2008. R.I.P.

BRETTON WOODS HAS BEEN DEAD FOR YEARS...

BUT NOW THE EU WANT TO GIVE IT A DECENT BURIAL...AND MOVE ON TO THE NEXT LEVEL OF GLOBAL TRADE INTEGRATION...

PRESUMABLY...KEYNES' "DIVINE DOLLAR" WILL NOT BE THE KEYSTONE TO GLOBAL TRADE ANYMORE...