Brazil's President and former labor union leader, Luiz Inacio Lula da Silva, called on the world to put an end to the current dominance of United States in the world financial system. He wants the world to adopt a new system that will be run by the G20 nations, and discard the G7 all together. The Brazilian Finance Minister, Guido Mantega, said "We refuse to take part in the G7 merely to drink coffee and we have to have a more important role in discussions". Ultimately, Brazil envisions, "a pact between governments to build a new financial architecture for the...