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“It was a historic opportunity to review behaviour and policies.” Nor was it just Latin American resentment on display. The Europeans joined the chorus. “The world is no longer a unipolar world with one super-Power, nor is it a bipolar world with the East and the West. It’s a multipolar world now,”5 intoned Nicolas Sarkozy, speaking as both president of France and president of the European Council. “The 21st century world” could not be “governed with the institutions of the 20th century.” The Security Council and the G8 would need to be expanded. The world needed a new structure, a G13 or ...more
Crashed: How a Decade of Financial Crises Changed the World
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