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EU to revive Mediterranean Union
Written by Chris Perver
Wednesday, 17 June 2009
The French Foreign Ministry have announced that the Union for the Mediterranean, a project aimed at boosting ties between the European Union and Mediterranean states, is to be formally revived at the end of this month.
The announcement follows a meeting of French Foreign Minister Bernard Kouchner and Egyptian Foreign Minister Ahmed Aboul Gheit, who jointly hold the presidency of the new bloc. The project, which was first proposed by then EU President Nicolas Sarkozy and came into being this time last year
Towards a New Financial World Order....
Yekaterinburg Summit: SCO, BRIC Urge Fairer World Order...
During their summits in the Russian city of Yekaterinburg on Tuesday, SCO and BRIC members urged the creation of a new global financial security system, reiterating their drive to act in concert to weather the economic meltdown.
The ongoing global economic slump topped the agenda of the Yekaterinburg summit with SCO leaders also dealing with ways to stave off terrorism and drug trafficking.
Pointing to the necessity of updating the existing financial system as soon as possible, SCO nations also called for the creation of a new supranational currency to handle mutual transactions. In Moscow, finance expert Dmitry Smyslov believes that the move reflects the dollar starting to lose its clout as the world’s top reserve currency.
http://www.globalresearch.ca/index.php?context=va&aid=14003