Whee ha... has it started"New World' yet?

I heard this on NPR a few days ago, and thought to myself "Thats interesting, lets see if it comes out int he news"

Sure enough. The Eurpoean union is stating the financial cisis is worldwide, and needs to be fixed, on an INTERNATIONAL level, and beleives the EU model is the way to sape the new financial order

Here is a quote as well. It doesnt go into the same detail, but that sounds frightening.

"New World'

French President Nicolas Sarkozy, who convened the Oct. 4 meeting, called for a global summit ``as soon as possible'' to implement ``a real and complete reform of the international financial system.'' He said ``all actors'' must be supervised, including credit-rating firms and hedge funds. Executive-pay systems must also be reviewed, he said.
``We want a new world to come out of this,'' Sarkozy said. ``We want to set up the basis for a capitalism of entrepreneurs, not speculators.'' "