Seeking a common approach to the global financial turmoil, Asian and European leaders called for new rules guiding the global economy and a leading role for the International Monetary Fund in aiding crisis-stricken countries.
The 43 nations participating in the Asia-Europe Meeting summit reconvened for a second day of meetings in China's capital Saturday, a day after adopting a statement calling on the IMF and similar institutions to help stabilize struggling banks and shore up flagging share prices.
IMHO, this aid from this different monetary institutions are for short-term solution approach. They should look for a long term solution to this kind of problem. Saving and not wasting, these are two phrases that they should consider. Saving money for the country and not wasting it via giving it to corrupt officials and launder it.
No comments:
Post a Comment