Italian finance minister Tremonti continues to press his “new Bretton Woods” idea but questions whether the dollar should be the reference currency. What would replace it? The Euro, the basis of which has come under question during the financial crisis? I would think not.
The Europeans are tying to drive home a “new world order” as a result of the credit crisis. Sadly, they will probably get one if the US opinion polls are correct. Secretary Krugman will see to it…
