“The emerging new financial architecture is not confined to one country,” Nath said at the summit hosted by the French business chamber MEDEF along with its Indian counterparts, FICCI and CII.As a “responsible” member of the global community, India would want to participate in the restructuring of the bleeding financial markets, Nath said. He offered India’s association in the endeavour for the banking and financial restructuring to France and the European Union. (The Assam Tribune Online).
At Long Last ...
It took a Kamal Nath to finally come out and say something interesting about a new financial architecture.
He says: -
1. The body managing the international financial systems should be patterned along the lines of WTO.
2. India will work towards that.
3. The current system is a total failure.
Way to go ....
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