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Old 06-11-2007, 11:06 AM   #6
Isaac-Saxxon
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Putin calls for new financial world order
By Neil Buckley and Catherine Belton in St Petersburg

Published: June 10 2007 19:10 | Last updated: June 10 2007 19:10

Russian president Vladimir Putin called on Sunday for a radical overhaul of the world’s financial and trade institutions to reflect the growing economic power of emerging market countries – including Russia.

Mr Putin said the world needed to create a new international financial architecture to replace an existing model that had become “archaic, undemocratic and unwieldy”.

http://www.ft.com/cms/s/a77af2ba-177...b5df10621.html

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