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ECB President Favors Global Governance

Posted By admin On May 3, 2010 @ 4:06 am In World News | Comments Disabled

Mia Saini
Forbes [1]
May 3, 2010

Related: Former Nazi Bank To Rule The Global Economy [2]

Related: Trichet Calls For Corrupt BIS To Boss Global Government In CFR Speech [3]

The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis.

 In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards.

It is his belief that through global governance, the resiliency of the global financial system can be assured, noting that ultimately it was governments’ use of taxpayer’s money, equivalent to around 25% of GDP on both sides of the Atlantic, that prevented another catastrophic great depression from occurring.

With the backdrop of a U.S. financial regulation bill being stuck in the Senate, he argued three main points in support of creating internationally agreed rules.

Video: ECB President On Global Governance [4]

Full article here [1]

ECB President Favors Global Governance 150410banner1 [5]

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URL to article: http://www.prisonplanet.com/ecb-president-favors-global-governance.html

URLs in this post:

[1] Forbes: http://blogs.forbes.com/face-to-face/2010/04/29/ecb-president-favors-global-governance/

[2] Former Nazi Bank To Rule The Global Economy : http://www.prisonplanet.com/former-nazi-bank-to-rule-the-global-economy.html

[3] Trichet Calls For Corrupt BIS To Boss Global Government In CFR Speech : http://www.prisonplanet.com/trichet-calls-for-corrupt-bis-to-boss-global-government-in-cfr-speech.html

[4] Video: ECB President On Global Governance: http://www.forbes.com/video/?video=fvn/business/ecb-president-on-global-governance

[5] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[6] EU President Calls For “Global Governance” To Solve Financial Crisis: http://www.prisonplanet.com/eu-president-calls-for-global-governance-to-solve-financial-crisis.html

[7] New EU President Rompuy announces 2009 as “first year of global governance”: http://www.prisonplanet.com/new-eu-president-rompuy-announces-2009-as-%e2%80%9cfirst-year-of-global-governance%e2%80%9d.html

[8] Central Banker Trichet Renews Call for European Global Governance: http://www.prisonplanet.com/central-banker-trichet-renews-call-for-european-global-governance.html

[9] Professor: Only Global Governance Can Save Us From A Century Of Chaos: http://www.prisonplanet.com/professor-only-global-governance-can-save-us-from-a-century-of-chaos.html

[10] IMF chief hails ‘new era of collaborative global governance’: http://www.prisonplanet.com/imf-chief-hails-%e2%80%98new-era-of-collaborative-global-governance%e2%80%99.html

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