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French President Nicolas Sarkozy, leading a two-day conference with former British Prime Minister Tony Blair on the future of capitalism, said the crisis has shown that no country can go it alone on economic policy.
"In the 21st century, there it is no longer a single nation who can say what we should do or what we should think," he said.
German Chancellor Angela Merkel said the system "cannot continue as it is" and called for better-regulated financial markets.
Merkel said the International Monetary Fund has not managed to regulate global capitalism, and she called for the creation of an economy body at the United Nations, similar to the Security Council, to judge government policy.
Speaking at the conference, European Competition Commissioner Neelie Kroes said "global rules" on government aid to companies would be "helpful."
"A closer network of competition systems is slowly emerging after decades of work," she said.
Originally posted by questioningall They are coming out together now, and calling for a "New World Order of financial economic body out of the U.N.
Originally posted by resistor Look for Obama to join in on the fun as national sovereignty and quaint traditions like the USA Constitution are discarded in favor of the new world ...