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We badly need a Bretton-Woods 2.0, with new models and metrics applied universally.

The problem for any country or bloc is that it can't easily apply a new model unilaterally. So any change is going to have to be imposed by collective agreement.

That won't happen while a majority of influential players don't yet want to admit how badly broken the current system is.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Nov 21st, 2007 at 08:22:34 AM EST
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