A New World Economic Order

G7 sets sights on ‘new world economic order’
Agence France-Presse - Sunday, Feb 15, 2009

The world’s richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession.

Italy’s Finance Minister called for a “new world economic order” as he wrapped up the crisis meeting of finance leaders from the Group of Seven leading economies over which he presided here.

In a joint declaration, the G7 called for “urgent reforms” of the international financial system.