In the News (from Canadian Business Online): German Chancellor Angela Merkel is calling for a new international charter as a way to get out of the global financial crisis. “We want to make sure that in the future there are no gaps in the world regarding financial products, market participants or instruments,” Merkel said. Among the solutions Merkel is pushing is the idea of a global “risk atlas” that would give an overview of where risks might occur, in an effort to swiftly intervene and prevent them from escalating.
My Comment: The crisis can make us unite, or it can make us become isolated from one another. It’s very dangerous for the latter to take place, since this will be opposite to the tendency of our development as humanity!
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